816 Sprague Ave Spokane, WA 99201

Property Details for 816 Sprague Ave

Property size

2,200 SF

Property type

Commercial real estate

Description

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.

Location Insight

City

Spokane

County

Spokane

State

Washington

Longitude

-117.4242321509

Latitude

47.657220820502