Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    FOR SALE
    Turn key restaurants

    15029 W Thorne Ln SW, Lakewood, WA 98498

    1,158 SF 0.21 ac lot Built 1949
    Individually Owned 3-yr Hold Free & Clear
    Property ID
    US90-1691626
    Property summary
    AI-generated overview

    This exceptional commercial property presents a unique opportunity to acquire a well-established and profitable restaurant in the thriving city of Lakewood, WA. Located at 15029 W Thorne Lane SW, this turnkey operation boasts a prime location at the doorstep of Joint Base Lewis-McChord (JBLM), ensuring high visibility and consistent customer traffic. The 0.21-acre lot houses a restaurant that has enjoyed over 20 years of success, cultivating a loyal customer base and a strong reputation within the community. Currently operating as a successful teriyaki and Chinese restaurant, the business is known for its easy operation, requiring only one part-time employee in addition to the owner. The current owner is planning retirement, making this a truly motivated sale. Sales have remained steady and are showing an increase in 2023 and into 2024, demonstrating the ongoing viability and potential for growth. The property is equipped with everything needed to immediately begin operations, allowing for a seamless transition. The existing setup is ideal for a new owner to continue the current concept or implement their own culinary vision. Convenient freeway access and high foot traffic from JBLM make this a highly desirable location. The roof was recently replaced in 2021, ensuring long-term structural integrity. This is a rare chance to own a profitable, established business in a prime location. Priced at $680,000.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1949
    Construction FRAME
    Total area 1,158 SF
    Lot 0.21 ac (9,356 SF)
    Zoning code NC2
    APN 2200001260
    UPID US90-1691626
    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
    Myong Y Ziler · 3 yrs held
    Myong Y Ziler
    since 2022
    Last sale
    $250,000
    3 recorded transactions
    2022
    $250,000
    2012
    $120,000
    1994
    $138,000
    Zoning & alternative use
    NC2 · Lakewood, WA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message