816 Sprague Ave Spokane, WA 99201
This exceptional turnkey restaurant and bar opportunity is located in the heart of downtown Spokane, Washington, at 816 W Sprague Ave, 99201. Boasting approximately 2,200 square feet of lease space, this established business benefits from a newly signed 5-year lease with an extension option, ensuring long-term stability. The asking price is $150,000, translating to $68.18 per square foot. The sale includes all fixtures, furniture, and equipment (FF&E), eliminating the need for significant upfront investment. Key features include a stunning wood-fired pizza oven, a spacious walk-in cooler, ample prep and storage areas, and a large manager's office. The restaurant's design, crafted by Spokane's HDG Architecture Firm, incorporates a custom-built bar optimized for speed and efficiency. A recent remodel has resulted in nearly doubled sales within the past year. This thriving business also offers a complete package including the established name, recipes, website, and domain names, providing immediate brand recognition and marketing assets. The prime downtown location is surrounded by hotels and office towers, ensuring a consistent flow of customers. This is a rare opportunity to acquire a profitable, well-established restaurant with significant growth potential.
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Slightly Charred Wood Fired Pizza Restaurant
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Thunder Pie Pizza Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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
No recorded transactions found for this property.
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.