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Property profile & analytics
OFF-MARKET
Turn key restaurants

1071 15th Ave Longview, WA 98632-2324

6,256 SF 0.28 ac lot Built 1952
Individually Owned 1-yr Hold ~ Est. High Equity
Property ID
US90-1721734
Property summary
AI-generated overview

This exceptional commercial property presents a rare opportunity to acquire a prominent restaurant building situated on a highly visible corner lot in Longview, Washington. Located at 1071 15th Avenue, this 6,256 square foot building sits on a 0.28-acre (12,000 square foot) lot, providing ample parking for patrons. The building previously operated as the Chinese Gardens Restaurant and boasts a seating capacity exceeding 150 people, making it ideal for a variety of food service concepts. Its prime location on one of Longview's busiest streets ensures high visibility and significant traffic counts. The property benefits from its proximity to Lower Columbia College, the Triangle Shopping Center, and key government offices, guaranteeing a steady flow of potential customers. A new roof was installed in 2025, eliminating a significant capital expenditure for the new owner. While the existing business is not included in the sale, the substantial building offers significant potential for a new owner to establish a thriving enterprise. All personal property will be removed prior to closing. This is a turnkey opportunity to own a well-situated commercial property in a desirable location with high traffic volume and excellent visibility. The asking price is $929,900.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1952
Total area 6,256 SF
Lot 0.28 ac (12,197 SF)
APN 9400
UPID US90-1721734
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
  • Chinese Garden Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Foon Ng Pak · 1 yrs held
Foon Ng Pak
since 2025
2 recorded transactions
2025
Price N/A
2025
$919,995
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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