112 Wishkah StAberdeen, WA 98520

Property Details for 112 Wishkah St

Year built

1941

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.20 AC

Property size (Sq ft)

8,606 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

10103901000

APU

10103901000

Description

This exceptional commercial property at 112 E Wishkah Street in downtown Aberdeen, WA, presents a unique investment opportunity. Priced at $995,000, this two-story building boasts a fully operational restaurant currently in use, complete with a fully equipped kitchen and dining area, ample seating, and a private meeting room ideal for larger gatherings. The restaurant also features a license to serve beer and wine. The building's prime location in a high-traffic area alongside other retail stores ensures excellent visibility and accessibility. The second floor offers significant potential for expansion or alternative uses, including the possibility of developing a wine cellar. The property includes two parcel numbers. The zoning classification is versatile, allowing for a variety of uses beyond a restaurant, such as a financial institution, pizza parlor, retail space, office space, or civic uses. This nicely restored, one-of-a-kind historical building is a must-see for discerning investors seeking a profitable and adaptable commercial property in a thriving downtown location. The building's historical character combined with its modern amenities and flexible zoning makes it an exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $3,423,343

  6.5%

  $3,160,009

  7%

  $2,934,294

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,815,704

  Geo Method

  $4,176,506

• Alternative Use

  Use

  Valuation

  Residential

  $2,665,586

  Hospitality

  $2,441,662

  Educational

  $2,031,434

  Medical

  $2,101,298

  Retail

  $3,160,009

Location Insight

City

Aberdeen

County

Grays Harbor

State

Washington

Latitude

46.9749

Longitude

-123.817

CBSA code

10140

CBSA name

ABERDEEN, WA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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