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Property profile & analytics
OFF-MARKET
Turn key restaurants

138 Woodin Ave Chelan, WA 98816

5,025 SF 0.12 ac lot Built 1926
Trust Owned 15-yr Hold Free & Clear
Property ID
US90-1913901
Property summary
AI-generated overview

Hanger 138, located at 138 E Woodin Avenue in the heart of downtown Chelan, WA, presents a unique opportunity to acquire a thriving, established restaurant. This business boasts a 25+ year history of serving the Lake Chelan Valley, offering a menu featuring burgers, sandwiches, and traditional pub fare in a lively atmosphere. A complete renovation in 2021 modernized the space, creating both family-friendly indoor and outdoor dining areas. The restaurant also features a dedicated adult-only section complete with four new pool tables and a classic cocktail bar, catering to a diverse clientele. The business benefits from a long-term lease (building not included in sale price). This turnkey operation is ideally positioned to capitalize on the consistent tourist traffic and strong year-round local resident base. Financial details are available upon execution of a non-disclosure agreement (NDA). Seller financing options may be available. This profitable and well-regarded restaurant offers an exceptional opportunity for an experienced food and beverage professional to establish themselves in a desirable location within a vibrant community. The sale price is $349,500.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1926
Total area 5,025 SF
Lot 0.12 ac (5,227 SF)
APN 272213512447
UPID US90-1913901
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
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
Kelly Family Trust · 15 yrs held
Kelly Family Trust
since 2011
1 recorded transaction
2011
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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