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Property profile & analytics
OFF-MARKET
Turn key restaurants

417 3rd Ave Spokane, WA 99202-1414

2,428 SF 0.17 ac lot Built 1973
Individually Owned 12-yr Hold ~ Est. High Equity
Property ID
US90-1745911
Property summary
AI-generated overview

This thriving Spokane, WA deli and German market presents a unique investment opportunity. Located at 417 E 3rd Ave, 99202, this 2,400+ square foot business boasts an impeccably maintained space, showcasing imported German delicacies and authentic meats from German producers. The current owner-operator has cultivated a loyal customer base, providing a solid foundation for continued success and expansion. The business benefits from convenient on-site parking, prominent pylon signage ensuring high visibility, and excellent traffic flow, making it ideally situated for delivery services throughout Spokane. The asking price is $195,000. This turnkey operation offers a blend of established clientele and significant growth potential within a desirable Spokane location. The business is categorized as "Business Only," meaning the sale includes the business assets and operations, not the building itself. The property's prime location in Spokane County, Washington, offers easy access to major transportation routes and a dense population base. This presents a compelling opportunity for an experienced entrepreneur or investor seeking a profitable and established business in a vibrant market. The business's strong reputation and loyal customer base, combined with its strategic location and ample growth potential, make this a truly exceptional investment prospect.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1973
Construction STEEL FRAME
Total area 2,428 SF
Lot 0.17 ac (7,539 SF)
APN 35202.2609
UPID US90-1745911
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
  • Alpine Delicatessen Restaurant
  • Spokane Group Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Esma Hatkic · 12 yrs held
Esma Hatkic
since 2013
1 recorded transaction
2013
$180,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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