21 Old Belfair HwyBelfair, WA 98528

  • Retail properties
  • 3,112 SF
For Sale
$1,800,000 View listing

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
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

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $944,333
    6.5%
    $871,692
    7%
    $809,428
  • Comparable approach

    Method
    Valuation
    Relative Method
    $867,907
    Geo Method
    $623,281
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $1,678,540
    Mixed-Use / Specialty
    $877,209
    Hospitality / Lodging
    $654,810
    Office
    $880,982
    Institutional / Educational
    $915,027
    Residential Income
    $1,070,580
    Multifamily
    $1,236,180
    Automotive / Energy
    $784,309
    Parking / Income-Based Land
    $262,134
    Restaurant / Food Service
    $474,651
    Healthcare / Senior Housing
    $890,717

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,205
$102,985
$340,495
$443,480
-
$102,985
$340,495
$443,480

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message