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18129247
18283309

104 McNaught Rd S, Roy, WA 98580 For Sale

MJ
WA 21028742
Johnson Commercial - Lakewood
Johnson Commercial - Lakewood
Listed by Johnson Commercial - Lakewood
$1,299,000
773 days on market
Updated 53 days ago

The Old General Store Steakhouse & Saloon

Details
APN 570500-0-060
Property Type Multifamily, Retail
Sub Type Bar, Restaurant
Square Footage 9,085
Units 3
Pro-Forma Cap Rate 7.13%
Pro-Forma NOI $92,600
Price per SqFt $143
Year Built 1910
Year Renovated 1995
Stories 2
Lot Size (SqFt) 18,000
Zoning Commercial (C)
Investment Type Owner/User

Restaurant and Bar with Residential Apartments

Marketing description

The Old General Store Steakhouse and Saloon building offers a restaurant and bar on the main floor and two occupied residences on a month-to-month basis on the second floor. The property has been a popular music venue and eating establishment for decades. The stage and original wood dance floor are the focal point of the interior, and are surrounded on three sides by the dining areas and bar. The building was initially remodeled in 1995, and the ownership has continued to enhance the property ever since. Outside, the property is an enclosed, park-like event area, which is accessed by way of double doors through the dining area and dance floor.

The restaurant features a full and well-organized kitchen, complete with upright freezer, ice machine, 2-door reach-in refrigerator, walk-in cooler, Wolf 4-burner gas range, convection oven, Type 1 hood plus kitchen equipment, cookware, and tableware. The grease interceptor even has its own mini-sewage treatment plant onsite.

As an additional benefit, two residential apartments are on the second floor of The Old General Store Steakhouse and Saloon. Unit 1 is a two-bedroom home of 2,500sf and Unit 2 is a one-bedroom home of 500sf. Both are rented.

Offered for sale at the newly reduced price of $1,299,000. Seller financing potential.


Investment highlights

  • The Old General Store Steakhouse & Saloon offers a restaurant, bar, performance stage with dance floor, and income producing apartments.

  • The property includes spacious patio seating.

  • Two residential rental units totaling 3,000sf (not included in Building Size)

  • Restaurant with grease interceptor.

  • New roof 2020

  • Property Address: 104 McNaught Rd S, Roy, WA 98580

  • Building Footprint: 7,835 Sf. Lot size: 18,000sf partially fenced

  • Parcel No: 570500-0-060

  • Zoning: Commercial (C)

  • Offering price: $1,299,000.00. Potential for seller financing

  • Confidential. Call Broker to Schedule a Tour. Please Do Not View Without Appointment.

Listing Contacts

MJ
WA 21028742
Johnson Commercial - Lakewood
Johnson Commercial - Lakewood
Listed by Johnson Commercial - Lakewood

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Additional Information

Name
Margot Johnson
License
21028742
Brokerage
Timothy Johnson Commercial Properties
Title
Real Estate Broker
Brokerage Address
11120 Gravelly Lake Drive Southwest
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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