Fully Equipped Restaurant
7806 Pioneer Way Gig Gig Harbor, WA 98335
7806 Pioneer Way Gig, Gig Harbor, WA, 98335
$325,000
For Sale
$325,000
Updated waterfront restaurant space with open kitchen, Type I and Type II hoods, and new ADA bathrooms.
Property Size2,300 SF
Price / SF$141.30
Days on Market154
Property Features for 7806 Pioneer Way Gig
General Information
- Standard status
- Active
- Size
- 2,300 SF
- Property subtype
- Restaurant
Building Details
- Year Built
- 1930
Listing agency
The Wynn Group
(253) 509-0449
Listed by
Kris Wilson · License #123420
(253) 509-0449
Source
Thebrokerlist
Added: Feb 18 Updated: Jul 21 at 12:15PM Checked: Jul 21 at 12:15PM
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 The Wynn Group
Investment Insights
Based on property information with market context.
This fully equipped restaurant space features an open kitchen concept and a recently upgraded commercial kitchen. Improvements include a grease trap, a second hood, new kitchen equipment, and plumbing updates, along with new flooring. The kitchen is set up with Type I and Type II hoods, fryers, steam kettles, and ample refrigeration. The remodel also included brand new ADA bathrooms. Additional storage is available via a full basement.
The property is located in Pierce County within the downtown waterfront area of Gig Harbor, in an area described as having limited available food service locations. The layout is described as capable of supporting various quick service concepts or being converted to a full-service operation.
For prospective tenants or buyers seeking a turn-key food service build-out, the space is offered with commercial kitchen equipment that is described as mostly about a year old.
The property is located in Pierce County within the downtown waterfront area of Gig Harbor, in an area described as having limited available food service locations. The layout is described as capable of supporting various quick service concepts or being converted to a full-service operation.
For prospective tenants or buyers seeking a turn-key food service build-out, the space is offered with commercial kitchen equipment that is described as mostly about a year old.
Key Highlights
- 2,300 SF leased restaurant space with full basement for additional storage
- Open kitchen concept with Type I and Type II hoods, fryers, steam kettles, and plenty of refrigeration
- Extensive upgrades include a grease trap, second hood, and new kitchen equipment
Local Financial Insights For Industrial
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 | $35.9k | $15.60 |
| − Vacancy | −$2.8k | −$1.23 |
| EGI | $33.0k | $14.37 |
| − OpEx | −$9.9k | −$4.31 |
| NOI | $23.1k | $10.06 |
2,300 SF · lease $15.60/SF/yr · vacancy 7.90% · expense 30.00%
Alternative Uses
Best Use
Industrial
$330.5K
$289.2K – $385.5K
NOI $23,132 @ 7.0% cap · market cap 7.12%
Second Best
Specialty Retail
$328.6K
$287.5K – $383.4K
NOI $23,002 @ 7.0% cap · market cap 7.08%
Theoretical Best
Office A
$621.2K
$543.6K – $724.7K
NOI $43,484 @ 7.0% cap · market cap 13.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
KettelFish
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Updated waterfront restaurant space with open kitchen, Type I and Type II hoods, and new ADA bathrooms.
Where is this conventional restaurant located?
The property is located at 7806 Pioneer Way Gig Gig Harbor, WA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 2,300 SF leased restaurant space with full basement for additional storage; Open kitchen concept with Type I and Type II hoods, fryers, steam kettles, and plenty of refrigeration; Extensive upgrades include a grease trap, second hood, and new kitchen equipment
