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    FOR SALE
    Turn key restaurants

    17106 Pacific Ave S, Spanaway, WA 98387

    2,968 SF 0.38 ac lot Built 1957
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US90-0601863
    Property summary
    AI-generated overview

    This exceptional Spanaway, WA property, located at 17106 Pacific Ave S, presents a unique owner-user or redevelopment opportunity. The 3,080 square foot restaurant building, situated on a substantial 49,860 square foot lot, boasts a prime location with 79 feet of frontage on Pacific Ave S. Built in 1957 and extensively renovated in 2021, the restaurant is turn-key and ready for immediate operation. The 2021 renovation included a complete remodel and the installation of a brand-new septic system and drain field—the largest permitted system for the site. All fixtures, furniture, and equipment are included in the sale price of $2,300,000. Ample parking is provided with 56 spaces available. The property consists of three parcels (APN: 5025003760, 5025003680, 5025003691) and offers the flexibility of being sold individually, providing various investment options. This property is zoned for retail and land use and presents a compelling opportunity for a savvy investor or restaurant operator seeking a well-established and updated location in a thriving community. The zip code is 98387, and the property is located in Pierce County, Washington.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1957
    Construction WOOD FRAME
    Total area 2,968 SF
    Lot 0.38 ac (16,485 SF)
    Zoning code MUD
    APN 5025003680
    UPID US90-0601863
    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
    $790k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.02M
    Blend (final) Blend
    $755k
    Owner & transaction history
    Gmckck3 LLC · 4 yrs held
    Gmckck3 LLC
    since 2021
    Last sale
    $717,000
    3 recorded transactions
    2021
    $717,000
    1999
    1969
    Zoning & alternative use
    MUD · Spanaway, WA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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