Property profile

5720 Vale Rd Cashmere, WA 98815

OFF-MARKET
Turn key restaurants
Property ID
US90-1994612
1,620 SF 0.47 ac lot Built 1962
Entity Owned 6-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional commercial property at 5720 Vale Road in Cashmere, WA, presents a rare opportunity for business owners. Boasting prime highway frontage and idyllic Wenatchee River views, this established tavern offers endless potential. The property has undergone extensive renovations, significantly enhancing its appeal and functionality. Improvements include brand new windows, tile and laminate flooring, reinforced floor joists, and completely updated electrical and plumbing systems throughout. Modern lighting fixtures complement the newly installed bar top and state-of-the-art kitchen appliances. Both bathrooms have been fully remodeled, and the tavern's furniture – tables and chairs – has been refurbished. Exterior enhancements include new front and rear doors and the addition of an outdoor seating area, expanding the tavern's capacity and ambiance. Currently operating as a profitable business, this property is ready for immediate occupancy and offers a unique blend of established success and significant upgrade potential. The property's location ensures high visibility and accessibility, making it an ideal investment for discerning entrepreneurs seeking a turn-key operation or a platform for future expansion. The asking price is $849,000. Serious inquiries are encouraged.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1962
Total area 1,620 SF
Lot 0.47 ac (20,473 SF)
APN 241932310350
UPID US90-1994612

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bar & Pub
  • Bar & Pub

Location

5720 Vale Rd Cashmere, WA 98815
Cashmere metro Census 960501 WENATCHEE, WA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$415k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$410k

Owner & transaction history

since 2020
Last sale
$295,000
4 recorded transactions
2020
$295,000
2018
Price N/A
2015
$225,000
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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