For Sale
$150,000

816 Sprague Ave Spokane, WA 99201

Profitable Pizzeria, Prime Location, All Included

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
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.

Highlights

  • Turnkey restaurant and bar for sale in downtown Spokane, WA.
  • 2,200 SF space with a newly signed 5-year lease plus option.
  • Asking price: $150,000 ($68.18/SF), includes all FF&E.
  • Features wood-fired pizza oven, walk-in cooler, ample prep space, and manager's office.
  • Recently remodeled, sales nearly doubled in the past year.
  • Includes established name, recipes, website, and domain names.

Property Details for 816 Sprague Ave

Property type
Commercial real estate
Square Feet
2,200 SF

Location Insight

City
Spokane
County
Spokane
State
Washington
Latitude
47.657220820502
Longitude
-117.4242321509

FAQs

What type of property is this?
Commercial real estate - Profitable Pizzeria, Prime Location, All Included
Where is the commercial real estate located?
The property is located at 816 Sprague Ave Spokane, WA.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Turnkey restaurant and bar for sale in downtown Spokane, WA.; 2,200 SF space with a newly signed 5-year lease plus option.; Asking price: $150,000 ($68.18/SF), includes all FF&E.
How can I contact the broker?
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816 Sprague Ave
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