21 Old Belfair HwyBelfair, WA 98528

Property Details for 21 Old Belfair Hwy

Year built

1929

Construction

FRAME

Lot size

0.57 AC

Property size (Sq ft)

3,112 SF

Property type

Retail properties

Property subtype

Other retail properties

APN

12329-42-00010

APU

123294200010

Description

This exceptional business opportunity presents the acquisition of Mosquito Fleet Winery, located at 21 NE Old Belfair Hwy, Belfair, WA. Priced at $1,800,000, this established winery boasts a significant inventory of over 50,000 bottles of wine, holding a retail value exceeding $2,400,000. The current high demand surpasses the current supply, ensuring a strong foundation for continued success. The inventory includes multiple vintages of world-class wines, many of which have received 90+ ratings from renowned critics such as Robert Parker. This represents an estimated 2-3 years of readily available inventory for immediate sale. The current winemaker/owner is committed to a transitional period, providing valuable expertise and support to the new owner. This ensures a smooth handover and maintains the winery's established reputation and high standards. This turnkey operation offers a unique chance to acquire a thriving business with a proven track record and significant potential for growth within the established wine industry. The opportunity is ideal for a passionate wine enthusiast seeking to capitalize on an existing, successful enterprise. The property itself is not included in the sale

• CAP approach

  CAP return

  Valuation

  6%

  $1,237,909

  6.5%

  $1,142,685

  7%

  $1,061,065

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,103,006

  Geo Method

  $1,510,259

• Alternative Use

  Use

  Valuation

  Residential

  $963,898

  Hospitality

  $882,925

  Educational

  $734,583

  Medical

  $759,847

  Retail

  $1,142,685

Location Insight

City

Belfair

County

Mason

State

Washington

Latitude

47.4543

Longitude

-122.828

CBSA code

43220

CBSA name

SHELTON, WA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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