12807 14Th Ave Airway Heights, WA 99001
- Drive through restaurants
- 2,233 SF
- 0.59 lot acres
Current Use by Public Records
- Drive through restaurants
Property Details for 12807 14Th Ave
- Year built
- 1990
- Construction
- STEEL FRAME
- Lot size
- 0.59 lot acres
- Property size
- 2,233 SF
- Property type
- Drive through restaurants
- APN
- 15261.0220
- APU
- 152610220
Description
This exceptional business opportunity presents the chance to acquire Wolffy's Breakfast Burgers & Brew, a well-established restaurant in Airway Heights, Washington. The asking price is $2,500,000 for the entire business and building, encompassing a 2,233 square foot building situated on a 25,800 square foot lot. The property boasts a highly visible location on Highway 2, strategically positioned between Northern Quest Resort and Casino and Spokane Tribe Resort and Casino, benefiting from a significant daily traffic count of approximately 22,953 vehicles. Wolffy's, a recognizable brand in the Spokane area since 1988, consistently demonstrates high profits and gross sales. The sale includes multiple trademarks, offering potential for expansion and increased revenue. The current operating hours are 8 AM to 2 PM, presenting a clear opportunity to further boost profitability by extending operating hours. The building itself offers ample space for the existing operation and potential future growth. Financial information is available upon execution of a confidentiality agreement. This is a turnkey operation with significant upside potential for a savvy investor. The property is located at 12807 W 14th Ave, Airway Heights, WA 99001.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $250,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $185,000
- 6.5%
- $165,000
- 7%
- $190,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $165,000
- Geo Method
- $205,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $165,000
- Retail
- $165,000
- Mixed-Use
- $180,000
- Hospitality
- $160,000
- Educational
- $205,000
- Residential Income
- $175,000
- Energy
- $200,000
- Income-Based Land
- $195,000
- Food Service
- $190,000
Location Insight
- Map
- Local Demand
- City
- Airway Heights
- County
- Spokane
- State
- Washington
- Longitude
- -117.588
- Latitude
- 47.6423
- CBSA code
- 44060
- CBSA name
- SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA