Property profile

816 Sprague Ave Spokane, WA 99201

OFF-MARKET
Commercial real estate
Property ID
US90-3240037
2,200 SF
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Commercial real estate
Total area 2,200 SF
UPID US90-3240037

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
  • Restaurant
  • Restaurant

Location

816 Sprague Ave Spokane, WA 99201
Spokane metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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