120 Rock Island Rd
Iconic Restaurant With business and Land For Sale!
Listing Contacts
License: WA 24001784
Active
Asking Price: $1,199,000
Address
120 Rock Island Rd, East Wenatchee, WA 98802
Show on MapDate Added
Jun 21, 2024
Days on Market
271 days
Time Since Last Update
126 days
Details
Property TypeIndustrial, Retail
SubtypeRestaurant
Lease TypeGross
TenancySingle
Square Footage472
Cap Rate9.95%
Occupancy100%
NOI$119,300
Year Built1954
Year Renovated2023
ZoningBusiness, Commercial, Retail
Lot Size (acres)0.26
APN07300100401,90500100503
Ownership100
Marketing Description
Iconic restaurant for sale! Includes both land parcels, along with newly remodelled building. Larry's Drive In has been in business for almost 70 years! The newly added milkshake machine and space has improved profitability. Larry's is known for the Chicken but also the Burgers! Don't miss out on this turn-key business! One of the owners is a Licensed Real Estate Agent in the state of Washington.
Investment Highlights
- Original LP: $1,375,000
- Lot Size: .260 ac/11,326 sf
Valuation Calculator
Valuation Calculator
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$119,300.00
$9,941.67/mo
Valuation Metrics
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0
DSCR
9.95%
Cap Rate
9.95%
ROI
Due Diligence
Listing Contacts
- License: WA 24001784
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Broker Information
Broker Information
Broker Name
Nicole Begin
Broker License
WA 24001784
Brokerage Name
John L Scott Wenatchee
Broker Title
Designated Broker/Owner
Brokerage Address
701 North Miller Street, Wenatchee, United States 98801
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