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54106 Mtn Hwy Elbe, WA 98330

OFF-MARKET Commercial real estate Google Maps
Built 1987
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional investment opportunity presents the renowned Mt. Rainier Railroad Dining Co. & Hobo Inn, a unique destination nestled at the foothills of Mt. Rainier. Established nearly 38 years ago, this property boasts an unparalleled collection of 23 historic cabooses – one of the largest in the United States – all conveying with the sale. Six cabooses are currently utilized for dining, a bar, gift shop, kitchen, and refrigeration, providing ample space for the existing business operations. Nine cabooses comprise the distinctive Hobo Inn lodging experience, offering a truly memorable stay for guests. Three additional cabooses serve as storage and maintenance facilities, ensuring efficient operations. Further enhancing the property's appeal is a dedicated caboose offering gourmet pizza for takeout or outdoor dining. Adding to the property's rich history, four cabooses represent a portion of the Bi-centennial Freedom Train, famously ridden by President Gerald Ford. This turnkey operation presents a rare chance to acquire a well-established, iconic business with significant historical value and substantial potential for growth. The property's unique character and prime location offer a compelling investment opportunity in a highly desirable tourist destination. The sale includes all existing furnishings, equipment, and the extensive collection of historic cabooses. This is a truly once-in-a-lifetime opportunity to own a piece of American history and a thriving business. The property is offered at $4,250,000.

Property profile

Verified
Property type Commercial real estate
Year built 1987

Cap rate & NOI

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Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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