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Property profile & analytics
OFF-MARKET
Grocery and convenience stores

408 1st Ave Ritzville, WA 99169

3,720 SF 0.48 ac lot Built 1955
Individually Owned 10-yr Hold Free & Clear
Property ID
US90-2076134
Property summary
AI-generated overview

This vibrant 984 sq ft commercial property, located at 408 W 1st Ave in Ritzville, WA, presents a unique investment opportunity. Situated on a 0.34-acre lot encompassing three city lots, this property offers exceptional versatility. Currently operating as a thriving coffee shop and community hub, it boasts a fully equipped kitchen including a restaurant hood and a convenient drive-through. The existing business model successfully hosts seasonal photo events, craft classes, and floral arrangement workshops, showcasing its potential for diverse revenue streams. The charming converted greenhouse adds an Instagram-worthy touch, ideal for hosting small events or classes. The property's prime location in Ritzville offers easy access to local amenities and benefits from the city's anticipated growth and development. Priced affordably at $230,000, this is a rare chance to acquire established commercial real estate in a burgeoning market. The existing infrastructure and proven business model provide a solid foundation for continued success, whether maintaining the current coffee shop concept, establishing a new restaurant, or exploring other commercial ventures. The multiple city lots offer expansion possibilities or the potential for future development. Don't miss this chance to own a piece of Ritzville's vibrant future.

Property profile
Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 1955
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,720 SF
Lot 0.48 ac (21,000 SF)
APN 1-935-23-051-3204
UPID US90-2076134
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
Current use
Occupant on record · Public records
  • Boxwood Home and Garden (Bike/Boat/Book/etc) Store Florist
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Dale B Swift · 10 yrs held
Dale B Swift
since 2016
2 recorded transactions
2016
$1,500
2004
$80,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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