120 Rock Island Rd East Wenatchee, WA 98802
Property profile & analytics
120 Rock Island Rd East Wenatchee, WA 98802
- Drive through restaurants
- 258 SF
- 0.15 lot acres
Property ID
US90-1878314
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Drive through restaurants
Property Details for 120 Rock Island Rd
- Year built
- 1954
- Construction
- WOOD
- Lot size
- 0.15 lot acres
- Property size
- 258 SF
- Zone code
- 2
- Property type
- Drive through restaurants
- APN
- 7300100401
- APU
- 7300100401
Description
This exceptional turnkey business opportunity presents the chance to acquire the well-established "Larry's Drive In" restaurant located at 120 Rock Island Rd, East Wenatchee, WA 98802. The property, encompassing 0.26 acres (11,326 sq ft), includes a 472 sq ft building that underwent a complete renovation in 2023. The restaurant boasts a strong history, operating successfully for nearly 70 years, and currently enjoys 100% occupancy. The sale includes both land parcels. The property is zoned for Business, Commercial, and Retail use, and features a newly added milkshake machine and expanded space, contributing to increased profitability. Financial highlights include an asking price of $1,199,000, a net operating income (NOI) of $119,300, and a 9.95% cap rate. The original list price was $1,375,000. This is a rare opportunity to own a thriving, iconic restaurant with significant potential for continued growth in a desirable location. The property's APN is 07300100401,90500100503. The lease type is gross, and the tenancy is single. The building was originally constructed in 1954.
Value Estimations
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CAP approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- East Wenatchee
- County
- Douglas
- State
- Washington
- Longitude
- -120.289
- Latitude
- 47.4033
- CBSA code
- 48300
- CBSA name
- WENATCHEE, WA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,411
$86,200
$85,400
$171,600
-
$86,200
$85,400
$171,600
