218 Main Ave Soap Lake, WA 98851
- Turn key restaurants
- 1,350 SF
- 0.75 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 218 Main Ave
- Year built
- 2018
- Lot size
- 0.75 lot acres
- Property size
- 1,350 SF
- Property type
- Turn key restaurants
- APN
- 80482000
- APU
- 80482000
Description
This exceptional restaurant opportunity in Soap Lake, WA presents a unique chance to acquire a thriving culinary landmark. Located at 218 Main Ave E, this free-standing, 1,450 square foot building boasts an assignable NNN lease with favorable terms. The property includes four on-site parking spaces, plus ample street parking. The restaurant features a custom-made wood-fired oven, an outdoor patio, and all equipment is included in the sale. Known for its Italian-Brazilian fusion cuisine, including exquisite pizzas and steaks, the business enjoys a loyal customer base and has generated gross sales exceeding $650,000 in 2023, with a remarkable 45% profitability. Significant growth potential exists due to currently limited operating hours and the absence of a takeout service (2020 sales were $375,000). A 1,200+ square foot commissary is conveniently located across the street on Highway 17. The property is zoned commercial (APN: 080482000, Grant County) and has been successfully operating since 2018. The current owner is considering a silent partnership arrangement. Detailed financial information is available upon execution of a non-disclosure agreement. This is a truly turnkey operation in a popular tourist destination.
Value Estimation
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Soap Lake
- County
- Grant
- State
- Washington
- Longitude
- -119.487
- Latitude
- 47.3903
- CBSA code
- 34180
- CBSA name
- MOSES LAKE, WA MICROPOLITAN STATISTICAL AREA
