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138 State St Mossyrock, WA 98564

OFF-MARKET Turn key restaurants Google Maps
2,128 SF 0.21 ac lot Built 1935
Individually Owned Absentee Owner Free & Clear
Estimated value (blended)
$260k
Range $234k – $286k (±10%)
Property ID US90-1241633

Property summary

AI-generated overview

This exceptional 3,808 square foot commercial property, located at 138 E State Street in Mossyrock, WA, presents a remarkable investment opportunity. Situated on Main Street between Riffe and Mayfield Lake, this building enjoys excellent visibility and accessibility off Highway 12. Originally a fire station, its rich history is complemented by significant recent upgrades. A complete structural engineering update, completed in 2022, ensures compliance with current building codes. The electrical system is entirely new, featuring a robust 400-amp breaker box with three panels, and pre-wiring for up to ten TV mounts, ideal for security and entertainment. Plumbing has also been entirely replaced. The building boasts a brand-new roof with a 40-year warranty. The interior is framed and ready for finishing, offering considerable flexibility. The existing layout includes designated spaces for a bar, kitchen, office, cooler, and utility room, suggesting a restaurant/lounge concept with potential for a drive-through. However, the four roll-up doors and three entry doors offer endless possibilities for diverse commercial uses. This property is a blank canvas for a creative entrepreneur seeking a prime location and a solid foundation for their business venture. The 0-acre lot provides ample space for potential expansion or outdoor amenities. The asking price is $278,000.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1935
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,128 SF
Lot 0.21 ac (9,148 SF)
APN 8700019000
UPID US90-1241633

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

since 2026
2 recorded transactions
2026
$248,000
2018
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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