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Property profile & analytics
OFF-MARKET
Commercial real estate

223 Division St Spokane, WA 99202

Property ID
Property summary
AI-generated overview

This exceptional business opportunity presents the chance to acquire "The Night Owl," a well-established bar located at 223 N Division St, Spokane, WA 99202. Boasting a prime Division Street location with a daily traffic count of approximately 26,000 vehicles, this turnkey operation offers significant potential for growth. The business operates Tuesday through Saturday, from 8 PM to 2 AM, making it easily manageable, particularly for an owner-operator or family-run business. Financial records demonstrate strong gross sales, showcasing the profitability of this established enterprise. The current lease is attractive, providing a solid foundation for continued success. The Night Owl is a ready-to-run business, requiring minimal setup or investment beyond the purchase price of $199,000. This is an ideal opportunity for an entrepreneur seeking a profitable and established business in a high-traffic area of Spokane. The business is categorized as "Business Only," meaning the sale includes the business assets and operations, not the building itself. This presents a flexible and potentially lower-risk investment opportunity.

Property profile
Verified
Property type Commercial real estate
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
Current use
Occupant on record · Public records
  • C&R Commercial and Residential Services Landscaping General Contractor
  • Night Owl Bar & Pub
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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