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24706 E Wellesley Ave 1,440 SF Retail Building Otis Orchards, WA 99027 $1,108,604 CAD ($769.86 CAD/SF)
Investment Highlights
- 35+ year established restaurant destination with strong local recognition and customer awareness
- Five existing structures on-site including a restaurant, residence, dry storage, warehouse, and a small storage building.
- Regional Commercial zoning supports a broad range of commercial and redevelopment opportunities.
- Mixed-use combining business operations, residential use, and future value-add potential.
Executive Summary
Unique live-work opportunity featuring a 1.01-acre mixed-use property with an established restaurant, residence, warehouse, and storage buildings. Zoned Regional Commercial (RC), the site offers operational flexibility and long-term investment potential. 35+ year established restaurant destination with strong local recognition and customer awareness (No value has been given to the business. FF&E available separately).
Restaurant - 1,440 SF | Built 1955
Manufactured Home - 2,400 SF | Built 1999
Dry Storage - 624 SF | Built 1952
Warehouse - 900 SF
Restaurant - 1,440 SF | Built 1955
Manufactured Home - 2,400 SF | Built 1999
Dry Storage - 624 SF | Built 1952
Warehouse - 900 SF
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,440 SF
Building Class
C
Year Built
1952
Price
$1,108,604 CAD
Price Per SF
$769.86 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
1.01 AC
Zoning
RC - Regional Commercial
Parking
18 Spaces (9.16 Spaces per 1,000 SF Leased)
Frontage
149’ on N Murray Rd
Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 55021.0170 | Improvements Assessment | $307,341 CAD |
| Land Assessment | $306,756 CAD | Total Assessment | $614,097 CAD |
Property Taxes
Parcel Number
55021.0170
Land Assessment
$306,756 CAD
Improvements Assessment
$307,341 CAD
Total Assessment
$614,097 CAD
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24706 E Wellesley Ave
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