1596 7Th St Newport, WA 99156
- Turn key restaurants
- 3,644 SF
- 0.77 lot acres
Current Use by Public Records
- Golden China Restaurant / Chinese Restaurant
Property Details for 1596 7Th St
- Year built
- 2003
- Construction
- FRAME
- Lot size
- 0.77 lot acres
- Property size
- 3,644 SF
- Property type
- Turn key restaurants
- APN
- 453124530006
- APU
- 453124530006
Description
This exceptional opportunity presents a thriving restaurant business and its accompanying real estate for sale in Newport, WA. The property boasts a 3,644 square foot building, featuring a banquet room, spacious dining area, and a fully equipped chef's kitchen. A sizable 1,100 square foot basement adds significant storage or expansion potential. Situated on a large 33,600 square foot lot, the property includes a newly paved and striped parking lot, ensuring ample customer parking. The location is highly visible, benefiting from 160 feet of frontage on Highway 2, at the entrance to Newport, providing excellent exposure to traffic traveling north from Spokane. This well-maintained property has undergone recent upgrades and features a 30-year successful business history, with the current owners operating in the same location for 20 years. Financial information is available upon request. The property's versatility allows for continued operation as a restaurant or presents a compelling redevelopment opportunity for a drive-thru restaurant, medical building, or office space. The asking price is $1,850,000, translating to $507.68 per square foot. The property is currently operating at 100% occupancy. This is a rare chance to acquire a turnkey business and prime real estate in a desirable location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Newport
- County
- Pend Oreille
- State
- Washington
- Longitude
- -117.063
- Latitude
- 48.1758
