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    OFF-MARKET
    Turn key restaurants

    218 Main E Ave, Soap Lake, WA 98851-5500

    1,350 SF 0.75 ac lot Built 2018
    Entity Owned 9-yr Hold Absentee Owner Free & Clear
    Property ID
    US90-0679985
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 2018
    Total area 1,350 SF
    Lot 0.75 ac (32,670 SF)
    APN 80482000
    UPID US90-0679985
    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
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    Owner & transaction history
    Skye Properties LLC · 9 yrs held
    Skye Properties LLC
    since 2016
    1 recorded transaction
    2016
    $150,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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