408 1st Ave Ritzville, WA 99169
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.
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Boxwood Home and Garden (Bike/Boat/Book/etc) Store Florist
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.