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1917 Pacific Ave S Long Beach, WA 98631

Turn key restaurants Google Maps
6,001 SF 0.21 ac lot Built 1958
Individually Owned 4-yr Hold Absentee Owner Free & Clear
Estimated value (blended)
$705k
Range $635k – $776k (±10%)
Property ID US90-1881726

Property summary

AI-generated overview

This exceptional turnkey business opportunity encompasses a well-established restaurant, bar, and seafood market located at 1917 Pacific Ave S in Long Beach, WA, 98631. Independently owned and operated since 1958, this iconic establishment boasts a prime location on Highway 103, near major fishing ports, ensuring access to the freshest seafood. The 6,000 square foot building, constructed in 1958 and renovated in 2004, sits on a 38,000 square foot lot and offers 38 parking spaces. The property is zoned C1 and features a well-designed kitchen, prep area, and receiving station, streamlining operations. This complete package includes real estate, business, furniture, equipment, and inventory. The single-story building offers a seamless flow between the restaurant, bar, and retail seafood market. This is a rare chance to acquire a thriving, established business with significant potential for growth. The property's prime location and long-standing reputation make it an attractive investment for an owner-user seeking a profitable and established enterprise. A virtual tour is available.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1958
Total area 6,001 SF
Lot 0.21 ac (9,148 SF)
APN 73026053005
UPID US90-1881726

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$675k
CAP Approach CAP
by Request
Comparable Approach Comparable
$703k
Blend (final) Blend
$705k

Owner & transaction history

since 2022
Last sale
$700,000
1 recorded transaction
2022
$700,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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