Restaurant with Enclosed
2215 E 29TH AVE Spokane, WA 99203
For Sale
Contact for pricing
Built in 2021, this restaurant includes a full commercial kitchen, bar and lounge, and an enclosed patio with retractable openings.
Property Size8,326 SF
Lot Size0.66 Acres
Price / SF$375.33
Days on Market32
Property Features for 2215 E 29TH AVE
General Information
- Standard status
- Active
- Size
- 8,326 SF
- Lot size
- 0.66 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2021
Listing Agency:
NAI Black - Spokane
(509) 622-3554
Listed By:
Mark McLees · License #WA
Source:
Crexi
Added: Jun 22
Changed: Jul 23
Last Checked: Jul 23 at 9:05AM
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 NAI Black - Spokane
Investment Insights
Based on property information with market context.
This built-in-2021 restaurant property offers approximately 8,326± SF of restaurant space configured for both dining and entertainment. The layout includes a main dining room, bar and lounge, two banquet rooms, and an enclosed patio with retractable openings for year-round use. A full commercial kitchen is in place with walk-in coolers, service and prep areas, and ample storage. Support space includes two manager offices, a break room, and a fully furnished studio apartment with a private entrance and a full bathroom.
The property is positioned along Spokane’s 29th Avenue corridor. Site improvements include 23 on-site parking spaces, with an easement for an additional 25 spaces next door.
The combination of dining areas, banquet space, enclosed patio, and complete kitchen makes the property well-suited for an operator seeking a turn-key restaurant layout.
The property is positioned along Spokane’s 29th Avenue corridor. Site improvements include 23 on-site parking spaces, with an easement for an additional 25 spaces next door.
The combination of dining areas, banquet space, enclosed patio, and complete kitchen makes the property well-suited for an operator seeking a turn-key restaurant layout.
Key Highlights
- Built in 2021, Thai Bamboo South Hill offers approximately 8,326± SF of restaurant space designed for dining and entertainment
- Floor plan includes main dining room, bar and lounge, and two banquet rooms, plus an enclosed patio with retractable openings
- Full commercial kitchen with walk‑in coolers, service and prep areas, and ample storage
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 | $144.9k | $17.40 |
| − Vacancy | −$10.1k | −$1.22 |
| EGI | $134.7k | $16.18 |
| − OpEx | −$33.7k | −$4.05 |
| NOI | $101.0k | $12.14 |
8,326 SF · lease $17.40/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.44M
$1.26M – $1.68M
NOI $101,048 @ 7.0% cap · market cap 3.23%
Second Best
Industrial
$692.0K
$605.5K – $807.4K
NOI $48,442 @ 7.0% cap · market cap 1.55%
Theoretical Best
Office A
$2.15M
$1.88M – $2.51M
NOI $150,368 @ 7.0% cap · market cap 4.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Thai Bamboo Restaurant
Restaurant
FAQs
What type of property is this?
Conventional restaurant - Built in 2021, this restaurant includes a full commercial kitchen, bar and lounge, and an enclosed patio with retractable openings.
Where is this conventional restaurant located?
The property is located at 2215 E 29TH AVE Spokane, WA.
What is the asking price?
The asking price for this property is $3,125,000.
What are key features of this property?
This property features: Built in 2021, Thai Bamboo South Hill offers approximately 8,326± SF of restaurant space designed for dining and entertainment; Floor plan includes main dining room, bar and lounge, and two banquet rooms, plus an enclosed patio with retractable openings; Full commercial kitchen with walk‑in coolers, service and prep areas, and ample storage
