780 Us-101, Chinook, WA 98614
This exceptional mixed-use property in Chinook, Washington presents a unique live-work opportunity. Priced at $875,000, this established restaurant and lounge, situated directly on Highway 101, offers immediate income potential. The 4,768 square foot building boasts a single story design. In addition to the thriving restaurant business, the property includes a manufactured home, currently configured as a duplex. This provides an additional income stream through rental, or the option to live on-site while managing the business. The duplex offers the convenience of separate living quarters, allowing for both personal and professional spaces. The property sits on four parcels of land, providing ample space and potential for future expansion or development. Located in the charming coastal town of Chinook, this property offers a rare blend of business and residential living, perfectly situated for both local clientele and highway traffic. The asking price of $875,000 translates to $183.52 per square foot, reflecting the value of this turnkey operation and its prime location on the Washington coast. This is an exceptional opportunity for an entrepreneur seeking a blend of business ownership and comfortable living in a picturesque coastal setting.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.