Restaurant Building with Dining
216 Main Ave, Morton, WA 98356
For Sale
$299,900
Existing food-service equipment, a rear bar, and support spaces are part of this established restaurant property.
Property Size2,420 SF
Price / SF$123.93
Days on Market90
Property Features for 216 Main Ave
General Information
Standard status
Size
Property subtype
Property Condition
Severity
Evidence
Building Details
Year Built
Buildings
Listing Agency:
CENTURY 21 Lund, Realtors
Listed By:
Kristi Tausch
(360) 748-8619
Source:
Pierceandkingcountyhouses
Added: Aug 16
Changed: Nov 1
Last Checked: Nov 10 at 12:04PM
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 CENTURY 21 Lund, Realtors
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Investment Insights
Based on property information with market context.
Built in 1950, this 2,420-square-foot restaurant property has a café-style dining area at the front and a small bar toward the rear. Existing improvements include restaurant equipment, two restrooms, a walk-in cooler, and storage areas. The building needs updating and creative work before its next use.
The property is at 216 Main Ave in Morton, Washington, along a commercial street with sidewalks and benches. The surrounding area includes a variety of businesses.
The property is at 216 Main Ave in Morton, Washington, along a commercial street with sidewalks and benches. The surrounding area includes a variety of businesses.
Key Highlights
- 2,420‑square‑foot restaurant building, constructed in 1950
- Front café‑style dining area and a small rear bar
- Restaurant equipment, walk‑in cooler, two restrooms, and storage areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,456
Cap Rate
8.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$509,120
$509.1K
Cap Rate 7%
$363,657
$363.7K
Cap Rate 9%
$282,844
$282.8K
Market Conditions
NOI Build-Up for 2,420 SF
Gross rent
$34.8K $14.40/SF
− Vacancy
−$906 −$0.37/SF
EGI
$33.9K $14.03/SF
− OpEx
−$8.5K −$3.51/SF
NOI
$25.5K $10.52/SF
Area
Lewis County, WA
Vacancy
2.60%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$509,120
Cap Rate 7%
$363,657
Cap Rate 9%
$282,844
Alternative Uses
Best Use
Specialty Retail
$363.7K
$318.2K – $424.3K
NOI $25,456 @ 7.0% cap · market cap 8.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$738.1K
$645.9K – $861.1K
NOI $51,668 @ 7.0% cap · market cap 17.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
237
Businesses Nearby
23k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Chevron
Shops & Services
14,139 visits/mo
0.3 miles
Dollar General
Shops & Services
5,427 visits/mo
0.2 miles
Shell
Shops & Services
2,267 visits/mo
0.4 miles
KeyBank
Shops & Services
1,502 visits/mo
0.3 miles
Demographics for 98356, WA
2,179
Population
1,087
Households
2
Avg Household Size
52
Median Age
13%
College-Educated
89%
High-School Grad
125.8 sq mi
ZIP Area
17
Density / Sq Mi
$49,507
Median Household Income
$36,761
Median Earnings
$1,047
Median Rent
$281,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Breakfast & diner - Existing food-service equipment, a rear bar, and support spaces are part of this established restaurant property.
Where is this breakfast & diner located?
The property is located at 216 Main Ave Morton, WA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 2,420‑square‑foot restaurant building, constructed in 1950; Front café‑style dining area and a small rear bar; Restaurant equipment, walk‑in cooler, two restrooms, and storage areas
