104 Mcnaught RdRoy, WA 98580

Property Details for 104 Mcnaught Rd

Year built

1910

Construction

WOOD FRAME

Lot size

0.41 AC

Property size (Sq ft)

5,280 SF

Zone code

C

Property type

Turn key restaurants

APN

5705000060

APU

5705000060

Description

This exceptional investment opportunity presents The Old General Store Steakhouse & Saloon, a thriving restaurant and event center located at 104 McNaught Rd S, Roy, WA 98580. Built in 1910 and remodeled in 1995, this 9,085 square foot, two-story building boasts a rich history and unique character. The main floor features a full-service restaurant with a well-equipped kitchen including a Wolf range, convection oven, walk-in cooler, and more. A captivating stage and original wood dance floor are the heart of the event space, surrounded by dining areas and a bar. The property also includes a spacious, partially fenced outdoor patio area, perfect for events. Adding to the income potential, two residential units (a 2-bedroom, 2,500 sq ft unit and a 1-bedroom, 500 sq ft unit) are located on the second floor and are currently rented. The property sits on an 18,000 square foot lot and is zoned Commercial (C). Significant upgrades include a new roof installed in 2020 and an on-site mini sewage treatment plant. The asking price is $1,450,000, with a pro-forma NOI of $92,600 and a pro-forma cap rate of 6.39%. This turnkey operation offers a blend of established business and rental income, presenting a compelling investment opportunity in a desirable location. APN: 570500-0-060.

• CAP approach

  CAP return

  Valuation

  6%

  $2,100,308

  6.5%

  $1,938,746

  7%

  $1,800,264

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,568,082

  Geo Method

  $2,562,392

• Alternative Use

  Use

  Valuation

  Residential

  $1,635,405

  Hospitality

  $1,498,022

  Educational

  $1,246,337

  Medical

  $1,289,200

  Retail

  $1,938,746

Location Insight

City

Roy

County

Pierce

State

Washington

Latitude

47.004

Longitude

-122.543

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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