138 Woodin Ave Chelan, WA 98816
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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