47 Russell Ave, Stevenson, WA 98648-9198
This exceptional 5,280 square foot commercial property, located at 47 SW Russell Ave Unit 47 in the heart of Stevenson, WA, presents a unique business opportunity. Situated on a 0.06-acre lot at the corner of Highway 14 and Russell Street, this property boasts high visibility and accessibility. The main floor offers extensive retail space fully equipped as a restaurant, complete with a gas grill, ample serving ware (pots, pans, plates, silverware, glasses), booths, tables, chairs, and even cash registers. Two walk-in coolers and a soft drink fountain add to the operational efficiency. Upstairs, a fully functional bar awaits, featuring a separate fountain, a dance floor, and a small stage, providing significant expansion possibilities. The property's prime location in a growing community like Stevenson offers immense potential for a variety of businesses. The existing restaurant setup provides a turnkey operation, minimizing initial setup costs and allowing for immediate revenue generation. This is a rare chance to acquire a well-equipped, established space in a vibrant, up-and-coming town. The property's size and versatile layout offer flexibility for a range of commercial ventures, making it an ideal investment for entrepreneurs seeking a thriving business environment. The combination of retail and entertainment space presents a unique opportunity to cater to a diverse clientele. Don't miss this chance to establish your business in a prime location with significant upside. The asking price is $399,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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.