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    218 Main Ave Soap Lake, WA 98851

    For Lease
    Contact for pricing

    Established Italian-Brazilian eatery, high profitability.

    Lot size:
    1,450 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional restaurant opportunity in Soap Lake, WA presents a unique chance to acquire a thriving culinary landmark. Located at 218 Main Ave E, this free-standing, 1,450 square foot building boasts an assignable NNN lease with favorable terms. The property includes four on-site parking spaces, plus ample street parking. The restaurant features a custom-made wood-fired oven, an outdoor patio, and all equipment is included in the sale. Known for its Italian-Brazilian fusion cuisine, including exquisite pizzas and steaks, the business enjoys a loyal customer base and has generated gross sales exceeding $650,000 in 2023, with a remarkable 45% profitability. Significant growth potential exists due to currently limited operating hours and the absence of a takeout service (2020 sales were $375,000). A 1,200+ square foot commissary is conveniently located across the street on Highway 17. The property is zoned commercial (APN: 080482000, Grant County) and has been successfully operating since 2018. The current owner is considering a silent partnership arrangement. Detailed financial information is available upon execution of a non-disclosure agreement. This is a truly turnkey operation in a popular tourist destination.

    Property Features for 218 Main Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,450 SF

    Unit(s) available at that property

    Space
    Size
    1,450 SF

    HighLights

    • Thriving Italian‑Brazilian fusion restaurant in Soap Lake, WA, generating over $650,000 in gross sales in 2023 with 45% profitability.
    • Turnkey operation including all equipment, inventory, goodwill, and beer & wine license; asking price $1,300,000.
    • 1,450 sq ft free‑standing building with four on‑site parking spaces and ample street parking; located at 218 Main Ave E.
    • NNN lease with favorable terms; adjacent 1,200+ sq ft commissary across the street.
    • Voted most popular restaurant in Grant County; significant growth potential due to limited hours and lack of takeout.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Auto Repair Shop Hair Salon Gym & Fitness Clothing Store Nail Salon Spa & Massage Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Soap Lake
    County
    Grant
    State
    Washington
    Longitude
    -119.4866932
    Latitude
    47.3895576

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    FAQs

    What type of property is this?
    Restaurant - Established Italian-Brazilian eatery, high profitability.
    Where is this restaurant located?
    The property is located at 218 Main Ave Soap Lake, WA.
    What are key features of this property?
    This property features: Thriving Italian-Brazilian fusion restaurant in Soap Lake, WA, generating over $650,000 in gross sales in 2023 with 45% profitability.; Turnkey operation including all equipment, inventory, goodwill, and beer & wine license; asking price $1,300,000.; 1,450 sq ft free-standing building with four on-site parking spaces and ample street parking; located at 218 Main Ave E.
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    218 Main Ave Soap Lake, WA 98851
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    Soap Lake, WA 98851
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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
    218 Main Ave Soap Lake, WA 98851
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