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Property profile & analytics
OFF-MARKET
Commercial real estate

157 Salkum Rd Salkum, WA 98582

Built 1925
Property ID
Property summary
AI-generated overview

This unique Salkum, WA property presents a fantastic dual investment opportunity, encompassing a thriving 1180-square-foot commercial bar and a captivating turn-of-the-century residence. The bar offers significant potential for growth and expansion, currently operating and ready for a new owner to capitalize on its existing success. Separately, the charming 3-bedroom, 1-bathroom home boasts approximately 1670 square feet of living space, complemented by an unfinished basement. Original wood features, high ceilings, built-in elements, and massive living room windows retain the home's historical character. A metal roof ensures durability, while forced-air heat with a heat pump provides efficient climate control. A convenient circle driveway and covered carport enhance accessibility. The home requires renovation to restore its former glory, presenting a rewarding project for a buyer with vision. Both structures are situated on a sizable 0.89-acre lot, offering ample space and possibilities. This combined commercial and residential property is ideal for an investor seeking a multifaceted venture with significant upside potential. The property is priced at $469,900.

Property profile
Verified
Property type Commercial real estate
Year built 1925
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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