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Property profile & analytics
OFF-MARKET
Bars & Pubs

3 Porter Crk Rd Elma, WA 98541-9204

1,927 SF 0.08 ac lot Built 1912
Individually Owned 19-yr Hold Free & Clear
Property ID
US90-0037194
Property summary
AI-generated overview

This unique investment opportunity encompasses a significant piece of Elma, WA history: the Porter Bar. Strategically located on Highway 12, this property boasts high traffic counts, ensuring excellent visibility and potential for a thriving business. The sale includes twelve parcels of land, a combination of vacant land and existing structures, including the historic Porter Bar and a former grocery store. This presents a rare chance to acquire a substantial commercial holding with diverse development possibilities. The property's prime location on a major highway offers exceptional exposure to a large customer base. The existing buildings provide a solid foundation for renovation or redevelopment, allowing for creative adaptation to suit a variety of commercial ventures. The substantial acreage offers ample space for expansion or additional development. Buyers are responsible for independently verifying lot sizes, property boundaries, zoning regulations, and any applicable use restrictions. This is a remarkable opportunity for an investor seeking a large-scale project with significant upside potential. Owner financing is available with a 20% down payment, making this an accessible investment for qualified buyers. Don't miss this chance to own a piece of Elma's rich history and shape its future. The property's potential is limited only by your imagination.

Property profile
Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Year built 1912
Construction STEEL FRAME
Total area 1,927 SF
Lot 0.08 ac (3,485 SF)
Zoning code G1
APN 802000601800
UPID US90-0037194
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
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Peter Chapman · 19 yrs held
Peter Chapman
since 2006
2 recorded transactions
2006
$68,615
2004
Price N/A
Zoning & alternative use
G1 · Elma, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source District Guide
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