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400 Pacific Ave N 2,044 SF 100% Leased Retail Building Long Beach, WA 98631 $1,260,133 CAD ($616.50 CAD/SF)
Investment Highlights
- Heavy day time foot traffic
- Lots of natural light
Executive Summary
Opportunity awaits in Long Beach, WA with this turnkey restaurant building and property. Make your dreams a reality and open your own restaurant with new and updated equipment included in the sale. Features include a walk in freezer and walk in cooler, new stand fryer, two large and two small wok stations, counter top griddle, food warmer station, and commercial ice maker. Dining area offers 16 booths and 8 tables with chairs. All service ware included. Office space located in building. Ample parking on site. Property offers flexibility for continued operation, concept change, or for future redevelopment subject to zoning approvals.
Prime investment opportunity - currently a restaurant - buyer can invest in restaurant or redeveloped the property for new use. Please reach out directly to broker for cap rate NOI information.
Prime investment opportunity - currently a restaurant - buyer can invest in restaurant or redeveloped the property for new use. Please reach out directly to broker for cap rate NOI information.
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,044 SF
Building Class
C
Year Built
1969
Price
$1,260,133 CAD
Price Per SF
$616.50 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.13
Lot Size
0.35 AC
Parking
21 Spaces (10.27 Spaces per 1,000 SF Leased)
Frontage
261’ on Oregon Avenue North
Amenities
- Restaurant
- Signage
Somewhat walkable
30/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 73011011001 | Improvements Assessment | $333,436 CAD |
| Land Assessment | $195,769 CAD | Total Assessment | $529,204 CAD |
Property Taxes
Parcel Number
73011011001
Land Assessment
$195,769 CAD
Improvements Assessment
$333,436 CAD
Total Assessment
$529,204 CAD
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400 Pacific Ave N
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