531 Market BlvdChehalis, WA 98532

Property Details for 531 Market Blvd

Year built

1918

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.07 AC

Property size (Sq ft)

2,921 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

4559000000

APU

4559000000

Description

Prime opportunity to acquire a thriving, established diner and gift shop located at 531 N Market Blvd, Chehalis, WA 98532. This well-known business, operating successfully for 48 years (under current ownership for 17), boasts a loyal customer base and significant daily traffic. Currently open Monday-Friday for breakfast and lunch, the business offers substantial room for growth, with potential to reintroduce popular pre-COVID Friday and Saturday prime rib nights. The sale includes both the established business and the building itself, priced at $800,000 with a 10.80% cap rate. The 0.069-acre lot features a finished upstairs office space with a full bath, presenting an additional income stream opportunity. A dedicated area in the back is perfect for private parties. The current owner is offering training to ensure a smooth transition for new ownership. Situated in the heart of downtown Chehalis on busy Market Boulevard, this location benefits from high visibility and convenient access from I-5, making it a popular destination for both locals and travelers. This is a turnkey operation ready for new leadership to maximize its potential.

• CAP approach

  CAP return

  Valuation

  6%

  $1,161,932

  6.5%

  $1,072,552

  7%

  $995,942

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,973,934

  Geo Method

  $1,417,566

• Alternative Use

  Use

  Valuation

  Residential

  $904,738

  Hospitality

  $828,735

  Educational

  $689,498

  Medical

  $713,211

  Retail

  $1,072,552

Location Insight

City

Chehalis

County

Lewis

State

Washington

Latitude

46.6653

Longitude

-122.971

CBSA code

16500

CBSA name

CENTRALIA, WA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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