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Property profile & analytics
OFF-MARKET Estimated value $120,000
Turn key restaurants

531 Market Blvd Chehalis, WA 98532-2109

2,921 SF 0.07 ac lot Built 1918
Individually Owned 3-yr Hold Free & Clear
Property ID
US90-0150873
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1918
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,921 SF
Lot 0.07 ac (3,049 SF)
APN 4559000000
UPID US90-0150873
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$120k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$120k
Owner & transaction history
Patricia Harris · 3 yrs held
Patricia Harris
since 2022
Last sale
$120,000
5 recorded transactions
2022
$23,331
2017
$120,000
2017
$39,804
2015
$120,000
2008
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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