5720 Vale RdCashmere, WA 98815

Property Details for 5720 Vale Rd

Year built

1962

Lot size

0.47 AC

Property size (Sq ft)

1,620 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

241932310350

APU

241932310350

Description

This exceptional commercial property at 5720 Vale Road in Cashmere, WA, presents a rare opportunity for business owners. Boasting prime highway frontage and idyllic Wenatchee River views, this established tavern offers endless potential. The property has undergone extensive renovations, significantly enhancing its appeal and functionality. Improvements include brand new windows, tile and laminate flooring, reinforced floor joists, and completely updated electrical and plumbing systems throughout. Modern lighting fixtures complement the newly installed bar top and state-of-the-art kitchen appliances. Both bathrooms have been fully remodeled, and the tavern's furniture – tables and chairs – has been refurbished. Exterior enhancements include new front and rear doors and the addition of an outdoor seating area, expanding the tavern's capacity and ambiance. Currently operating as a profitable business, this property is ready for immediate occupancy and offers a unique blend of established success and significant upgrade potential. The property's location ensures high visibility and accessibility, making it an ideal investment for discerning entrepreneurs seeking a turn-key operation or a platform for future expansion. The asking price is $849,000. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $502,820

  6.5%

  $464,141

  7%

  $430,988

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,051,785

  Geo Method

  $870,408

• Alternative Use

  Use

  Valuation

  Residential

  $391,520

  Hospitality

  $358,631

  Educational

  $298,376

  Medical

  $308,638

  Retail

  $464,141

Location Insight

City

Cashmere

County

Chelan

State

Washington

Latitude

47.5285

Longitude

-120.488

CBSA code

48300

CBSA name

WENATCHEE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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