3075 3Rd AveValley, WA 99181

Property Details for 3075 3Rd Ave

Year built

1928

Lot size

0.08 AC

Property size (Sq ft)

1,135 SF

Property type

Retail properties

Property subtype

Drive through restaurants

APN

514900

APU

514900

Description

This thriving restaurant and bar, located at 3075 3rd Ave in Valley, WA, presents a unique opportunity for a savvy investor. The business, known as Valley Drop Tine, boasts a loyal local following and a reputation for delicious food and a vibrant atmosphere. The menu features unique dishes made with fresh ingredients, complemented by a selection of great drinks and draft beers. The property includes both indoor and outdoor seating areas, providing ample space for patrons. An outdoor firepit and covered seating enhance the inviting ambiance, perfect for enjoying the local climate. The establishment also hosts live events, adding to its appeal and attracting a diverse clientele. Popular weekly events like Taco Tuesday and Karaoke contribute significantly to the business's success and strong customer base. The sale includes the business and the real property at 3075 3rd Ave, Valley, WA 99181, offering a turnkey operation ready for immediate ownership. This is an exceptional opportunity to acquire an established, profitable business with significant growth potential in a desirable location. The sale of the business and the real property are simultaneous and inseparable. The property itself is situated in the heart of Valley, WA, ensuring high visibility and convenient access for customers. This turnkey operation offers a rare chance to own a well-established and successful restaurant and bar in a thriving community. The existing infrastructure and loyal customer base provide a solid foundation for continued success and potential expansion. The sale price includes all necessary equipment and fixtures for immediate operation.

• CAP approach

  CAP return

  Valuation

  6%

  $299,811

  6.5%

  $276,749

  7%

  $256,981

• Comparable approach

  Method

  Valuation

  Relative Method

  $609,823

  Geo Method

  $609,823

• Alternative Use

  Use

  Valuation

  Residential

  $233,448

  Hospitality

  $213,837

  Educational

  $177,910

  Medical

  $184,028

  Retail

  $276,749

Location Insight

City

Valley

County

Stevens

State

Washington

Latitude

48.1748

Longitude

-117.726

CBSA code

44060

CBSA name

SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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