22 Palmer AveLoomis, WA 98827

Property Details for 22 Palmer Ave

Year built

2009

Lot size

0.52 AC

Property size (Sq ft)

3,240 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

811100002

APU

811100002

Description

This versatile commercial property in Loomis, WA, presents a unique investment opportunity. Previously a thriving restaurant and bar, the building boasts a spacious beer garden ideal for outdoor events and gatherings. Its prime location ensures high visibility and attracts a steady stream of customers. Adding to its appeal are nine designated RV spaces, complete with a laundry facility, showers, and restrooms, catering to both travelers and local residents. The property's location in a popular recreational area, offering access to snowmobiling, hiking, fishing, hunting, and camping, further enhances its potential. The building's spacious layout offers ample room for various commercial ventures, allowing for either a continuation of its existing use or a complete transformation into a new business. The existing infrastructure, including the RV park amenities, provides a solid foundation for a variety of business models. This property is ready for a new owner to capitalize on its existing features and the thriving community it serves. The high visibility location and diverse amenities make this a truly exceptional opportunity in a desirable small-town setting. The potential for growth and profitability is significant, making this an attractive investment for those seeking a unique and established commercial property.

• CAP approach

  CAP return

  Valuation

  6%

  $970,501

  6.5%

  $895,847

  7%

  $831,858

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,740,817

  Geo Method

  $1,740,817

• Alternative Use

  Use

  Valuation

  Residential

  $755,680

  Hospitality

  $692,199

  Educational

  $575,902

  Medical

  $595,708

  Retail

  $895,847

Location Insight

City

Loomis

County

Okanogan

State

Washington

Latitude

48.8216

Longitude

-119.634

Property Tax & Assessments

FAQs

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