26506 10th Ave, Unit 58 Ridgefield, WA 98642-9743
- Retail space
- 5,760 SF
- 1.10 lot acres
Current Use by Public Records
- Gouger Cellars Winery & Restaurant / Restaurant / Tourist Attraction
Property Details for 26506 10th Ave
- Year built
- 1982
- Lot size
- 1.10 lot acres
- Property size
- 5,760 SF
- Zone code
- CNB : RGF
- Property type
- Retail space
- APN
- 214243-000
- APU
- 214243000
Description
This exceptional 7,000-square-foot restaurant property, located at 26506 NE 10th Ave in Ridgefield, Washington, presents a unique investment opportunity. Situated in Clark County's rapidly expanding Discovery Corridor, this single-story, 1982-built building boasts a prime location easily accessible from Exit 14 to NE 10th Avenue. The property features approximately 4,400 square feet of ground floor space, ideal for restaurant operations, complemented by approximately 1,050 square feet of second-floor space, potentially suitable for residential use. Outdoor amenities include a substantial 4,150-square-foot covered and heated patio area, perfect for al fresco dining, and a 1,950-square-foot rooftop deck, offering expansive views and additional potential uses. Four bathrooms are conveniently located throughout the building. The property sits on approximately 1.10 acres and is zoned C-2, allowing for a variety of commercial uses. The asking price is $1,750,000, translating to $250 per square foot. This represents a compelling opportunity to acquire a well-established property in one of Washington state's fastest-growing communities. The APN is 214243-000. This property is ready for a new owner to capitalize on its existing infrastructure and prime location in Ridgefield, WA, zip code 98642.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,160,000
- 6.5%
- $1,070,000
- 7%
- $990,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $871,000
- AI Estimate
- $631,000
Market price range: $872k - $2.69MMarket price range: $276k - $2.39M
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Location Insight
- Map
- Local Demand
- City
- Ridgefield
- County
- Clark
- State
- Washington
- Longitude
- -122.662
- Latitude
- 45.8132
- CBSA code
- 38900
- CBSA name
- PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA