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Established Restaurant in Downtown Spokane

409-415 W Main Ave, Spokane, WA

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For Sale

Contact for pricing

Turnkey restaurant for sale in a prime downtown location.

Type:RETAIL

Property size:

2,237 SF

Lot size:

0.21 Acres

Price / SF:

$163/SF

HighLights

Turnkey operation: Includes all FF&E, POS systems, inventory, branding, and recipes for immediate revenue generation.
Prime downtown Spokane location: High pedestrian and vehicle traffic ensures excellent exposure.
Established business: Operating since 2007, with a proven track record at the current location since 2014.
Strong growth potential: Benefit from an established customer base and reduced upfront costs.
High visibility: Excellent exposure for branding, walk‑in traffic, and long‑term customer engagement.
Optimal restaurant size: +2,237 SF space allows for efficient operations and an intimate dining experience.

We can help!

Listing Contact

Andy Butler

Learn more

For Sale

Contact for pricing

Turnkey restaurant for sale in a prime downtown location.

Type:RETAIL

Property size:

2,237 SF

Lot size:

0.21 Acres

Price / SF:

$163/SF

Added:: Sep 2, 2025
Days on Market:: 285
Last Refresh:: May 20 at 8:25 pm

Property Features for 409-415 W Main Ave

General Information

Standard status: Active
Size: 2,237 SF
Lot size: 0.21 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Andy Butler

Listing agent Andy Butler License #120029

Listing office Kiemle Hagood

Listing date Sep 2, 2025

Source Moodyscre

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 Kiemle Hagood

HighLights

Turnkey operation: Includes all FF&E, POS systems, inventory, branding, and recipes for immediate revenue generation.
Prime downtown Spokane location: High pedestrian and vehicle traffic ensures excellent exposure.
Established business: Operating since 2007, with a proven track record at the current location since 2014.
Strong growth potential: Benefit from an established customer base and reduced upfront costs.
High visibility: Excellent exposure for branding, walk‑in traffic, and long‑term customer engagement.
Optimal restaurant size: +2,237 SF space allows for efficient operations and an intimate dining experience.

Overview

This established restaurant, in business since 2007 and at its current location since 2014, is available for purchase. The restaurant occupies a 2,237-square-foot space designed for efficient operations and an intimate dining experience. Situated in the heart of downtown Spokane, the location benefits from strong pedestrian and vehicle traffic, offering high visibility for branding, walk-in customers, and sustained customer engagement. The sale includes all Furniture, Fixtures, and Equipment (FF&E), Point of Sale (POS) systems, inventory, branding, and recipes, making it a turnkey operation. The established customer base presents an opportunity for a new owner to reduce upfront costs and generate immediate revenue.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$38.9k	$17.40
− Vacancy	−$2.7k	−$1.22
EGI	$36.2k	$16.18
− OpEx	−$9.0k	−$4.05
NOI	$27.1k	$12.14

2,237 SF · lease $17.40/SF/yr · vacancy 7.00% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$387.8K

$339.4K – $452.5K (±1% cap)

NOI $27,149 @ 7.0% cap · market cap 7.44%

Second Best

Retail

$331.6K

$290.1K – $386.9K (±1% cap)

NOI $23,211 @ 7.0% cap · market cap 6.36%

Theoretical Best

Office A

$577.1K

$505.0K – $673.3K (±1% cap)

NOI $40,400 @ 7.0% cap · market cap 11.07%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Turn key restaurants

Suggested Use

Similar Places Nearby

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Just A Couple Of Moms Catering — 120 N Stevens St, Spokane, WA 99201
Nordic Smoke Bbq Food Truck (follow on socials) — Spokane, WA 99201
Pasefika Sweet & Savory — 522 W Riverside Ave Suite 4336, Spokane, WA 99201
Tamarack Event House and Catering — 912 W Sprague Ave, Spokane, WA 99201

Location Insight

Map
Local Demand

City: Spokane
County: Spokane
State: Washington
Longitude: -117.419
Latitude: 47.6589

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For sale
Restaurants
WA
Spokane
409-415 W Main Ave

What type of property is this?

Restaurant - Turnkey restaurant for sale in a prime downtown location.

Where is this restaurant located?

The property is located at 409-415 W Main Ave Spokane, WA.

What is the asking price?

The asking price for this property is $365,000.

What are key features of this property?

This property features: Turnkey operation: Includes all FF&E, POS systems, inventory, branding, and recipes for immediate revenue generation.; Prime downtown Spokane location: High pedestrian and vehicle traffic ensures excellent exposure.; Established business: Operating since 2007, with a proven track record at the current location since 2014.

409-415 W Main Ave, Spokane, WA

Turnkey restaurant for sale in a prime downtown location.

Property Features for 409-415 W Main Ave

General Information

We can help!

HighLights

Overview

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Versatile Spokane Commercial Warehouse Space

Spokane Commercial Property For Sale

Spokane 10-Unit Apartment Building

Renovated Multi-Structure Multifamily Property

Spokane Duplex: Investment Opportunity

Spokane Ranch Duplex: Investor Opportunity

New Duplex Near University District

New Duplex Near Downtown Spokane

2016-Built Duplex Townhouse Units

South Hill Adult Family Home

Spokane Commercial Flex Space Available

Spokane Garage Lodge Automotive Space

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