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    OFF-MARKET
    Turn key restaurants

    96 Pne St, Okanogan, WA 98840-9690

    1,334 SF 0.4 ac lot Built 2004
    Entity Owned 9-yr Hold ~ Est. High Equity
    Property ID
    US90-1982534
    Property summary
    AI-generated overview

    This exceptional 19,000 square-foot multi-use property, situated on a 0.4-acre lot at 96 E Pine Street in Okanogan, Washington, presents a rare investment opportunity. Originally constructed in 1932, this building boasts impressive architectural details, including expansive locally-sourced structural timbers and beams. Substantial renovations in 2005 modernized the property significantly, incorporating a comprehensive fire suppression system, upgraded electrical and plumbing infrastructure, and other contemporary features. The property includes a fully equipped commercial kitchen and dining area, a spacious banquet hall with seating for 280, and two large cold storage rooms. A large sanitary food-processing room adds to the versatility, complemented by multiple storage and office units. The building's size and diverse features offer almost limitless potential for various commercial ventures, particularly within the wine and agriculture sectors. Industrial or residential repurposing also presents viable options for creative entrepreneurs. Priced at $599,900, this property represents a unique chance to acquire a substantial and adaptable commercial space in a desirable location. The combination of historical charm and modern upgrades makes this a truly exceptional offering.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 2004
    Total area 1,334 SF
    Lot 0.4 ac (17,424 SF)
    APN 3326160042
    UPID US90-1982534
    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
    Current use
    Occupant on record · Public records
    • Old Flour Mill Restaurant
    • Couleefarms Take-out & Catering Catering Service
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Okanogan Old Flour Mill LLC · 9 yrs held
    Okanogan Old Flour Mill LLC
    since 2016
    5 recorded transactions
    2016
    2008
    $146,450
    2007
    2006
    2005
    $229,673
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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