138 Woodin AveChelan, WA 98816

Property Details for 138 Woodin Ave

Year built

1926

Lot size

0.12 AC

Property size (Sq ft)

5,025 SF

Property type

Turn key restaurants

APN

272213512447

APU

272213512447

Description

Hanger 138, located at 138 E Woodin Avenue in the heart of downtown Chelan, WA, presents a unique opportunity to acquire a thriving, established restaurant. This business boasts a 25+ year history of serving the Lake Chelan Valley, offering a menu featuring burgers, sandwiches, and traditional pub fare in a lively atmosphere. A complete renovation in 2021 modernized the space, creating both family-friendly indoor and outdoor dining areas. The restaurant also features a dedicated adult-only section complete with four new pool tables and a classic cocktail bar, catering to a diverse clientele. The business benefits from a long-term lease (building not included in sale price). This turnkey operation is ideally positioned to capitalize on the consistent tourist traffic and strong year-round local resident base. Financial details are available upon execution of a non-disclosure agreement (NDA). Seller financing options may be available. This profitable and well-regarded restaurant offers an exceptional opportunity for an experienced food and beverage professional to establish themselves in a desirable location within a vibrant community. The sale price is $349,500.

• CAP approach

  CAP return

  Valuation

  6%

  $1,559,487

  6.5%

  $1,439,526

  7%

  $1,336,703

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,262,424

  Geo Method

  $2,699,878

• Alternative Use

  Use

  Valuation

  Residential

  $1,214,294

  Hospitality

  $1,112,287

  Educational

  $925,410

  Medical

  $957,236

  Retail

  $1,439,526

Location Insight

City

Chelan

County

Chelan

State

Washington

Latitude

47.8396

Longitude

-120.018

CBSA code

48300

CBSA name

WENATCHEE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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