About This Restaurant
Investment Highlights
Brand New Roof, Recently Renovated, new Walk In, Updated banquet Room Operating Restaurant with additional lease income Use apartment as Long Term Rental, Work+Live, Air Bnb
Executive Summary
9% Cap Rate with Room To Grow with new opportunities. Step into a thriving venture at the Harvest Moon Restaurant & Bar, nestled in the lively heart of Rockford, Washington, amidst flourishing businesses. This unique property comes with an upstairs apartment, generating $1,500 monthly, and a Tattoo Parlor, adding $600. The restaurant proudly raked in a robust $744,000 last year. Key upgrades include a new roof (August 2023) and a refreshed banquet space. Benefit from an assumable loan under a favorable 4% interest rate. 2 separate utility hookups (add apartments?) Just south of Spokane Valley, this is a great opportunity.
Property Details
- Sale Type Investment
- Property Type Retail
- Property Subtype Storefront Storefront General Retail Restaurant Office Industrial Live Work Unit Storefront
- Building Size 5,836
- Building Class C
- Year Built/Renovated 1905/2023
- Price 599,000
- Price Per SF 103
- Cap Rate 9
- NOI 53,910
- Percent Leased 100
- Tenancy Multiple
- Building Height 2 Stories
- Building FAR 0.79
- Land Acres 0.17 AC
Amenities
- Conferencing Facility
- Courtyard
- Restaurant
- Security System
- Signage
- Accent Lighting
- Storage Space
- Recessed Lighting
- Air Conditioning
Property Taxes
| Parcel Number | 53294.0410 | Improvements Assessment | $9,080 |
| Land Assessment | $110,800 | Total Assessment | $119,880 |
| Date Created: | 2024-07-16 04:25:39 | Last Updated: | 2024-07-16 04:25:39 |
| Address: | 20 S 1st St , Rockford, Washington, 99030 | ||