1613 Westside HwyKelso, WA 98626

Property Details for 1613 Westside Hwy

Year built

2016

Lot size

0.47 AC

Property size (Sq ft)

2,208 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

63113

APU

63113

Description

This exceptional retail property, located at 1613 Westside Hwy in Kelso, Washington, presents a compelling investment opportunity. Boasting 5,812 square feet on a 1.7-acre lot, this C-2 Urban Commercial zoned property offers significant potential. The asking price is $2,500,000, with a projected cap rate of 5.25%. The property benefits from its convenient location near I-5 Exit 42, providing excellent visibility and accessibility. Currently housing a thriving, pandemic-proof business, the property features multiple dining structures and amenities, accommodating a total restaurant capacity of 275 (both indoor and outdoor seating). Ample parking is available for 125 vehicles, supplemented by an adjacent lot lease. The property's large indoor and outdoor seating areas cater to a diverse clientele. This is a rare opportunity to acquire a well-established, high-performing retail center in a desirable location with strong growth potential. The property's zoning allows for a variety of commercial uses, making it an attractive investment for both seasoned and new investors. The substantial lot size offers room for expansion or future development. This turnkey operation is ready for immediate income generation. Detailed financial information is available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $891,480

  6.5%

  $822,905

  7%

  $764,126

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,071,546

  Geo Method

  $1,071,546

• Alternative Use

  Use

  Valuation

  Residential

  $694,151

  Hospitality

  $635,839

  Educational

  $529,010

  Medical

  $547,204

  Retail

  $822,905

Location Insight

City

Kelso

County

Cowlitz

State

Washington

Latitude

46.1872

Longitude

-122.907

CBSA code

31020

CBSA name

LONGVIEW, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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