531 Market Blvd Chehalis, WA 98532-2109
Prime opportunity to acquire a thriving, established diner and gift shop located at 531 N Market Blvd, Chehalis, WA 98532. This well-known business, operating successfully for 48 years (under current ownership for 17), boasts a loyal customer base and significant daily traffic. Currently open Monday-Friday for breakfast and lunch, the business offers substantial room for growth, with potential to reintroduce popular pre-COVID Friday and Saturday prime rib nights. The sale includes both the established business and the building itself, priced at $800,000 with a 10.80% cap rate. The 0.069-acre lot features a finished upstairs office space with a full bath, presenting an additional income stream opportunity. A dedicated area in the back is perfect for private parties. The current owner is offering training to ensure a smooth transition for new ownership. Situated in the heart of downtown Chehalis on busy Market Boulevard, this location benefits from high visibility and convenient access from I-5, making it a popular destination for both locals and travelers. This is a turnkey operation ready for new leadership to maximize its potential.
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
Similar Nearby for Sale
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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.