For Sale
$1,850,000

1596 7Th St Newport, WA 99156

Established Restaurant, Hwy 2 Frontage

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional opportunity presents a thriving restaurant business and its accompanying real estate for sale in Newport, WA. The property boasts a 3,644 square foot building, featuring a banquet room, spacious dining area, and a fully equipped chef's kitchen. A sizable 1,100 square foot basement adds significant storage or expansion potential. Situated on a large 33,600 square foot lot, the property includes a newly paved and striped parking lot, ensuring ample customer parking. The location is highly visible, benefiting from 160 feet of frontage on Highway 2, at the entrance to Newport, providing excellent exposure to traffic traveling north from Spokane. This well-maintained property has undergone recent upgrades and features a 30-year successful business history, with the current owners operating in the same location for 20 years. Financial information is available upon request. The property's versatility allows for continued operation as a restaurant or presents a compelling redevelopment opportunity for a drive-thru restaurant, medical building, or office space. The asking price is $1,850,000, translating to $507.68 per square foot. The property is currently operating at 100% occupancy. This is a rare chance to acquire a turnkey business and prime real estate in a desirable location.

Highlights

  • $1,850,000 asking price for this 3,644 SF retail property.
  • Located at 1596 W 7th St, Newport, WA 99156, on a 33,600 SF lot.
  • 100% occupied, single-tenant restaurant with a banquet room, large dining area, chef's kitchen, and 1,100 SF basement.
  • Features 160 feet of highway frontage on Hwy 2.
  • Established 30-year-old business, with 20 years at this location; financial information available upon request.

Property Details for 1596 7Th St

Property type
Retail properties, Restaurants
Square Feet
3,644 SF

Location Insight

City
Newport
County
Pend Oreille
State
Washington
Latitude
48.175336175987
Longitude
-117.06293414008

FAQs

What type of property is this?
Retail property - Established Restaurant, Hwy 2 Frontage
Where is the retail property located?
The property is located at 1596 7Th St Newport, WA.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: $1,850,000 asking price for this 3,644 SF retail property.; Located at 1596 W 7th St, Newport, WA 99156, on a 33,600 SF lot.; 100% occupied, single-tenant restaurant with a banquet room, large dining area, chef's kitchen, and 1,100 SF basement.
How can I contact the broker?
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1596 7Th St
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