15029 Thorne Ln Lakewood, WA 98498
- Turn key restaurants
- 1,158 SF
- 0.21 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 15029 Thorne Ln
- Year built
- 1949
- Construction
- FRAME
- Lot size
- 0.21 lot acres
- Property size
- 1,158 SF
- Zone code
- NC2
- Property type
- Turn key restaurants
- APN
- 2200001260
- APU
- 2200001260
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $260,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $245,000
- 6.5%
- $235,000
- 7%
- $255,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $265,000
- Geo Method
- $245,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $250,000
- Retail
- $200,000
- Mixed-Use
- $205,000
- Hospitality
- $265,000
- Educational
- $250,000
- Residential Income
- $245,000
- Energy
- $255,000
- Income-Based Land
- $260,000
- Food Service
- $195,000
Location Insight
- Map
- Local Demand
- City
- Lakewood
- County
- Pierce
- State
- Washington
- Longitude
- -122.556
- Latitude
- 47.1207
- CBSA code
- 42660
- CBSA name
- SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
