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Drive through restaurants
WA
Colville
99114
151 1st Ave

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FOR SALE

Drive through restaurants

151 W 1St Ave, Colville, WA 99114

19,800 SF 0.21 ac lot Built 1911

Entity Owned Absentee Owner Free & Clear

Property ID

US90-2038525

$699,000 19,800 SF

151 W 1St Ave, Colville, WA 99114
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This impressive three-story commercial building, located at 151 W 1st Ave in Colville, WA, offers a unique investment opportunity. Boasting over 20,800 square feet on a 0.6-acre lot, the property is currently generating income from three established tenants: an Italian restaurant, a dance studio, and a bar. Each tenant pays a monthly rent of $1,000, providing a substantial monthly cash flow. Additional rentable space is available, presenting significant potential for increased revenue. The building's rich history adds to its character and appeal. The owner currently covers annual insurance costs (estimated at $5,000), electricity and gas for the studio and vacant floor space (estimated $60-$300 monthly), and water and sewer (estimated $300 monthly) for all three tenants. Tenants are responsible for their own garbage disposal. The restaurant and bar have separate utility meters. This property presents a rare chance to acquire a well-situated, income-producing commercial building with considerable upside potential. Owner financing options may be available. The building's size and versatile layout make it suitable for a variety of commercial uses, offering flexibility for future development and tenant diversification. Its prime location in Colville ensures high visibility and accessibility. This is an exceptional opportunity for a savvy investor seeking a strong return on investment.