Turn-Key Restaurant with Updated
1421 Pioneer Hwy Silvana, WA 98292
For Sale
$1,650,000
Mixed-use property featuring a restaurant and updated living space.
Property Size4,095 SF
Price / SF$402.93
Days on Market363
Property Features for 1421 Pioneer Hwy
General Information
Standard status
Active
Size
4,095 SF
Property subtype
Commercial
Building Details
Year Built
2015
Listing Agency:
KELLER WILLIAMS GREATER SEATTLE
(360) 420-5937
Listed By:
JEFF NORRIS
Source:
Corcoran
Added: Aug 2, 2025
Changed: Jul 6
Last Checked: Jul 29 at 9:17AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KELLER WILLIAMS GREATER SEATTLE
Investment Insights
Based on property information with market context.
This mixed-use property presents an opportunity to own a local landmark, Willow Jim’s Country Café, a restaurant established for over 25 years. The turn-key business includes a fully equipped, top-tier kitchen with all equipment included, featuring a custom CaptiveAire Type I hood. The property also includes a charming 1-bedroom apartment (with den or nonconforming 2nd bedroom) above the café, furnished and updated with farmhouse details and luxury finishes. The property size is 4095 square feet. The property allows for living where you work. The property could continue the café tradition or be reinvented as a high-end brunch, dinner, or happy hour destination. The backlot includes a firepit.
Key Highlights
- Established Turn‑Key Restaurant: Benefit from a fully equipped, top‑tier kitchen and a loyal customer base.
- Mixed‑Use Property: Live and work conveniently with a charming, updated 1‑bedroom apartment above the cafe.
- Fully Equipped Kitchen: Includes a custom CaptiveAire Type I hood and all necessary equipment.
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $89.9k | $21.96 |
| − Vacancy | −$4.9k | −$1.21 |
| EGI | $85.0k | $20.75 |
| − OpEx | −$21.2k | −$5.19 |
| NOI | $63.7k | $15.56 |
4,095 SF · lease $21.96/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$910.5K
$796.7K – $1.06M
NOI $63,735 @ 7.0% cap · market cap 3.86%
Second Best
Retail
$824.4K
$721.3K – $961.8K
NOI $57,706 @ 7.0% cap · market cap 3.50%
Theoretical Best
Office A
$1.14M
$999.3K – $1.33M
NOI $79,942 @ 7.0% cap · market cap 4.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Turn key restaurant - Mixed-use property featuring a restaurant and updated living space.
Where is this turn key restaurant located?
The property is located at 1421 Pioneer Hwy Silvana, WA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Established Turn‑Key Restaurant: Benefit from a fully equipped, top‑tier kitchen and a loyal customer base.; Mixed‑Use Property: Live and work conveniently with a charming, updated 1‑bedroom apartment above the cafe.; Fully Equipped Kitchen: Includes a custom CaptiveAire Type I hood and all necessary equipment.
