1596 7Th St Newport, WA 99156
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Established Restaurant, Hwy 2 Frontage
Property size:
3,644 SFProperty Features for 1596 7Th St
General Information
- Property type
- Restaurants
- Square Feet
- 3,644 SF
Listing Agency: Black Commercial, Inc. Listing Agent: John Powers
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional opportunity presents a thriving restaurant business and its accompanying real estate for sale in Newport, WA. The property boasts a 3,644 square foot building, featuring a banquet room, spacious dining area, and a fully equipped chef's kitchen. A sizable 1,100 square foot basement adds significant storage or expansion potential. Situated on a large 33,600 square foot lot, the property includes a newly paved and striped parking lot, ensuring ample customer parking. The location is highly visible, benefiting from 160 feet of frontage on Highway 2, at the entrance to Newport, providing excellent exposure to traffic traveling north from Spokane. This well-maintained property has undergone recent upgrades and features a 30-year successful business history, with the current owners operating in the same location for 20 years. Financial information is available upon request. The property's versatility allows for continued operation as a restaurant or presents a compelling redevelopment opportunity for a drive-thru restaurant, medical building, or office space. The asking price is $1,850,000, translating to $507.68 per square foot. The property is currently operating at 100% occupancy. This is a rare chance to acquire a turnkey business and prime real estate in a desirable location.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Golden China Restaurant
Restaurant
Location Insight
- Map
- Local Demand
- City
- Newport
- County
- Pend Oreille
- State
- Washington
- Longitude
- -117.06293414008
- Latitude
- 48.175336175987
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FAQs
What type of property is this?
Restaurant - Established Restaurant, Hwy 2 Frontage
Where is this restaurant located?
The property is located at 1596 7Th St Newport, WA.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: $1,850,000 asking price for this 3,644 SF retail property.; Located at 1596 W 7th St, Newport, WA 99156, on a 33,600 SF lot.; 100% occupied, single-tenant restaurant with a banquet room, large dining area, chef's kitchen, and 1,100 SF basement.
