Building Details

Buildings 5

Listing Agency: TOK Commercial Show Phone

Listed By: Daniel Davis Show Phone

Source: Moodyscre

Added: Jun 8 Changed: Jul 29 Last Checked: Jul 29 at 3:43PM

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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 TOK Commercial

Investment Insights

Based on property information with market context.

This 1.01-acre restaurant property offers flexibility of use in the near term and supports longer-term redevelopment options. The site includes a 35+ year established restaurant destination with strong local recognition and customer awareness. Five existing structures are on-site: a restaurant, a residence, dry storage, a warehouse, and a small storage building. FF&E is available separately, and no value is assigned to the business.

Regional Commercial zoning supports a broad range of commercial and redevelopment opportunities, making the site useful for both continued restaurant operations and mixed-use concepts that incorporate the existing residential component.

With multiple structures and a combination of restaurant and storage uses already in place, the property provides a built-in framework for evaluating current use and future value-add redevelopment.

Key Highlights

• 1.01‑acre restaurant property with flexible near‑term and redevelopment options
• 35+ year established restaurant destination with local recognition and customer awareness
• Five existing structures on‑site: restaurant, residence, dry storage, warehouse, small storage building

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Real Estate Agency Restaurant Auto Parts Store Electrical Service Pharmacy Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

73

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 99027, WA

6,556

Population

2,734

Households

2.4

Avg Household Size

48

Median Age

22%

College-Educated

91%

High-School Grad

15.5 sq mi

ZIP Area

423

Density / Sq Mi

$70,784

Median Household Income

$52,692

Median Earnings

$1,097

Median Rent

$368,400

Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this conventional restaurants located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Regional Commercial zoning and five on-site structures support flexible restaurant and mixed-use redevelopment.

Where is this conventional restaurant located?

The property is located at 24706 E Wellesley Ave Otis Orchards, WA.

What is the asking price?

The asking price for this property is $795,000.

What are key features of this property?

This property features: 1.01‑acre restaurant property with flexible near‑term and redevelopment options; 35+ year established restaurant destination with local recognition and customer awareness; Five existing structures on‑site: restaurant, residence, dry storage, warehouse, small storage building