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Investment Highlights

  • The Old General Store Steakhouse & Saloon offers a restaurant, bar, performance stage, and dance floor
  • Two residential rental units
  • Full kitchen with dining room and patio seating.

Executive Summary

The Old General Store Steakhouse and Saloon is an historic landmark that has been a successful restaurant with live music and dancing for 30 years. The ownership now opens the restaurant just two weekends a month so that they can enjoy their retirement, but a new owner could step in and fill the area’s high demand for more food service and entertainment. The performance stage and original wood dance floor are just one highlight of the interior.
The restaurant features a full, well-organized, turn-key kitchen, complete with upright freezer, ice machine, 2-door reach-in refrigerator, walk-in-cooler, Wolf 4-burner gas range, convection oven, Type 1 hood, grease interceptor, plus kitchen equipment, cookware, and tableware. For function and culinary creativity, this kitchen is a chef’s dream.
The building has two, rented residential apartments on the second floor, which could provide options for owner-occupancy, caretaker housing, or short-term accommodations. One apartment is a 2,500sf two-bedroom unit and the other is a one-bedroom apartment. Both are rented on a month-to-month basis.
Outdoor amenities include a spacious and enclosed, park-like garden with covered seating, which is accessible both from the dining area and street entrance. The property has been carefully updated since its 1995 remodel, with ongoing enhancements that preserve its rustic charm and historical character.
With its combination of hospitality, residential, outdoor, and event spaces, the Old General Store Steakhouse and Saloon represents a unique opportunity for those seeking a versatile and historic property with the potential for multiple revenue streams.

Financial Summary (Pro Forma - 2024)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $156,147 $19.93
Other Income - -
Vacancy Loss $7,807 $1.00
Effective Gross Income $148,340 $18.93
Taxes - -
Operating Expenses - -
Total Expenses $21,504 $2.74
Net Operating Income $126,835 $16.19

Financial Summary (Pro Forma - 2024)

Gross Rental Income (CAD)
Annual $156,147
Annual Per SF $19.93
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual $7,807
Annual Per SF $1.00
Effective Gross Income (CAD)
Annual $148,340
Annual Per SF $18.93
Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $21,504
Annual Per SF $2.74
Net Operating Income (CAD)
Annual $126,835
Annual Per SF $16.19

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,835 SF
Year Built/Renovated
1910/1995
Price
$1,776,642 CAD
Price Per SF
$226.76 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.44
Lot Size
0.41 AC
Zoning
C, Roy - Commercial
Parking
10 Spaces (1.28 Spaces per 1,000 SF Leased)
Frontage
67’ on McNaught

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 6,085 SF
  • Restaurant
  • -
  • 30 Days

The restaurant features a full, well-organized, turn-key kitchen, complete with upright freezer, ice machine,2-door reach-in refrigerator, walk-in-cooler, Wolf 4-burner gas range, convection oven, Type 1 hood, grease interceptor, plus kitchen equipment, cookware, and tableware. For function and culinary creativity, this kitchen is a chef’s dream. Outdoor amenities include a spacious and enclosed, park-like garden with covered seating, which is accessible both from the dining area and street entrance. The property has been carefully updated since its 1995 remodel, with ongoing enhancements that preserve its rustic charm and historical character.

Space Size Space Use Position Available
1st Floor 6,085 SF Restaurant - 30 Days

1st Floor

Size
6,085 SF
Space Use
Restaurant
Position
-
Available
30 Days

1st Floor

Size 6,085 SF
Space Use Restaurant
Position -
Available 30 Days

The restaurant features a full, well-organized, turn-key kitchen, complete with upright freezer, ice machine,2-door reach-in refrigerator, walk-in-cooler, Wolf 4-burner gas range, convection oven, Type 1 hood, grease interceptor, plus kitchen equipment, cookware, and tableware. For function and culinary creativity, this kitchen is a chef’s dream. Outdoor amenities include a spacious and enclosed, park-like garden with covered seating, which is accessible both from the dining area and street entrance. The property has been carefully updated since its 1995 remodel, with ongoing enhancements that preserve its rustic charm and historical character.

Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100

Property Taxes

Property Taxes

Parcel Number
570500-0060
Land Assessment
$198,180 CAD (2025)
Improvements Assessment
$663,608 CAD (2025)
Total Assessment
$861,788 CAD (2025)
  • Listing ID: 30180478

  • Date on Market: 2023-11-28

  • Last Updated:

  • Address: 104 McNaught St, Roy, WA 98580

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