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    104 Mcnaught Rd Roy, WA 98580

    Sponsored
    For Sale
    $1,450,000

    Historic Restaurant, Event Venue, & Apartments

    Property size:
    9,085 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents The Old General Store Steakhouse & Saloon, a thriving restaurant and event center located at 104 McNaught Rd S, Roy, WA 98580. Built in 1910 and remodeled in 1995, this 9,085 square foot, two-story building boasts a rich history and unique character. The main floor features a full-service restaurant with a well-equipped kitchen including a Wolf range, convection oven, walk-in cooler, and more. A captivating stage and original wood dance floor are the heart of the event space, surrounded by dining areas and a bar. The property also includes a spacious, partially fenced outdoor patio area, perfect for events. Adding to the income potential, two residential units (a 2-bedroom, 2,500 sq ft unit and a 1-bedroom, 500 sq ft unit) are located on the second floor and are currently rented. The property sits on an 18,000 square foot lot and is zoned Commercial (C). Significant upgrades include a new roof installed in 2020 and an on-site mini sewage treatment plant. The asking price is $1,450,000, with a pro-forma NOI of $92,600 and a pro-forma cap rate of 6.39%. This turnkey operation offers a blend of established business and rental income, presenting a compelling investment opportunity in a desirable location. APN: 570500-0-060.

    Property Features for 104 Mcnaught Rd

    General Information

    Property type
    Restaurants
    Square Feet
    9,085 SF

    Building Details

    Year Built/Renovated
    1910/1995
    Stories
    2
    Units
    3

    HighLights

    • Established restaurant and event center, The Old General Store Steakhouse & Saloon, built in 1910 and remodeled in 1995.
    • Features dining room, dance floor, bar, stage, full kitchen, and patio.
    • Includes two residential rental units totaling 3,000 square feet.
    • On‑site mini sewage treatment plant.
    • New roof installed in 2020.
    • Located at 104 McNaught Rd S, Roy, WA 98580.
    Property Profile Location Intelligence

    Current Use by Public Records

    Old General Store Wedding Venue

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Nail Salon Auto Parts Store Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Roy
    County
    Pierce
    State
    Washington
    Longitude
    -122.54289175666
    Latitude
    47.004152359482

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    FAQs

    What type of property is this?
    Restaurant - Historic Restaurant, Event Venue, & Apartments
    Where is this restaurant located?
    The property is located at 104 Mcnaught Rd Roy, WA.
    What is the asking price?
    The asking price for this property is $1,450,000.
    What are key features of this property?
    This property features: Established restaurant and event center, The Old General Store Steakhouse & Saloon, built in 1910 and remodeled in 1995.; Features dining room, dance floor, bar, stage, full kitchen, and patio.; Includes two residential rental units totaling 3,000 square feet.
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    Roy, WA 98580
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    104 Mcnaught Rd Roy, WA 98580
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