Property profile

26506 NE 10Th Ave Ridgefield, WA 98642

FOR SALE
Retail space
Property ID
US90-0749633
5,760 SF 1.1 ac lot Built 1982
Entity Owned 9-yr Hold Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1982
Total area 5,760 SF
Lot 1.1 ac (47,916 SF)
Zoning code CNB : RGF
APN 214243-000
UPID US90-0749633

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Brewery & Distillery Specialty Food Shop

Location

26506 NE 10Th Ave Ridgefield, WA 98642
Ridgefield metro Census 40301 PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.07M
Comparable Approach Comparable
$872k
Blend (final) Blend
$250k

Owner & transaction history

since 2017
3 recorded transactions
2017
Price N/A
2005
Price N/A
1993
$400

Zoning & alternative use

CNB : RGF · Ridgefield, WA

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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More about this property
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