60084 State Route 20Marblemount, WA 98267

Property Details for 60084 State Route 20

Year built

1981

Lot size

0.50 AC

Property size (Sq ft)

2,124 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

351118-0-021-0001

APU

35111800210001

Description

This exceptional opportunity presents a profitable, established restaurant and bar located in the picturesque town of Marblemount, Washington. Situated on a half-acre lot at 60084 State Rte 20, 98267, this 2,124 square foot building boasts a prime location on the North Cascades Highway. The property includes a fully equipped kitchen, ready to serve customers. With seating for 65 inside and ample outdoor space for events, live music, or simply enjoying the stunning scenery, this business is perfectly positioned to capitalize on the area's natural beauty and tourism. The restaurant features a Class H liquor license, ensuring a comprehensive beverage offering. Built in 1981, the single-story building has been recently updated and is exceptionally well-maintained, offering a turnkey operation for the new owner. The asking price is $599,000, translating to $282.02 per square foot. This represents a unique chance to acquire a thriving business with significant real estate holdings in a highly desirable location within Skagit County. The property's APN is P46166. The Skagit River is within easy walking distance, adding to the property's appeal. This is an ideal investment for an owner-user seeking a successful business with significant growth potential in a breathtaking setting.

• CAP approach

  CAP return

  Valuation

  6%

  $842,188

  6.5%

  $777,404

  7%

  $721,875

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,627,011

  Geo Method

  $1,030,781

• Alternative Use

  Use

  Valuation

  Residential

  $655,769

  Hospitality

  $600,681

  Educational

  $499,760

  Medical

  $516,947

  Retail

  $777,404

Location Insight

City

Marblemount

County

Skagit

State

Washington

Latitude

48.5264

Longitude

-121.433

CBSA code

34580

CBSA name

MOUNT VERNON-ANACORTES, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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