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    1596 7Th St Newport, WA 99156

    Sponsored
    For Sale
    $1,850,000

    Established Restaurant, Hwy 2 Frontage

    Property size:
    3,644 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    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 Features for 1596 7Th St

    General Information

    Property type
    Restaurants
    Square Feet
    3,644 SF

    HighLights

    • $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.
    • Features 160 feet of highway frontage on Hwy 2.
    • Established 30‑year‑old business, with 20 years at this location; financial information available upon request.
    Property Profile Location Intelligence

    Current Use by Public Records

    Golden China Restaurant Chinese Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    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.
    Request Owner's contact information
    1596 7Th St Newport, WA 99156
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    Newport, WA 99156
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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
    1596 7Th St Newport, WA 99156
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