120 Rock Island Rd - Larry's Drive In
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120 Rock Island Rd - Larry's Drive In
472 SF Specialty Building Offered at $1,199,000 at a 12.17% Cap Rate in East Wenatchee, WA 98802
Investment Highlights
- Loyal Customer base
- Zoning allows for many future uses
- Near High Traffic Arterials with Visibility
Executive Summary
Iconic restaurant for sale! Includes both land parcels, along with newly remodeled building. Larry's Drive In has been in business for almost 70 years! The newly added milkshake machine and space has improved profitability. Larry's is known for the Chicken but also the Burgers! Don't miss out on this turn-key business that cash-flows well! One of the owners is a Licensed Real Estate Agent in the state of Washington
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$416,810
|
$883.07
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$270,918
|
$573.98
|
| Net Operating Income |
$145,892
|
$309.09
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $416,810 |
| Annual Per SF | $883.07 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $270,918 |
| Annual Per SF | $573.98 |
| Net Operating Income | |
|---|---|
| Annual | $145,892 |
| Annual Per SF | $309.09 |
Property Facts
| Price | $1,199,000 | Lot Size | 0.26 AC |
| Price Per SF | $2,540 | Building Size | 472 SF |
| Sale Type | Investment or Owner User | No. Stories | 2 |
| Cap Rate | 12.17% | Year Built/Renovated | 1954/2023 |
| Property Type | Specialty | Parking Ratio | 46.61/1,000 SF |
| Price | $1,199,000 |
| Price Per SF | $2,540 |
| Sale Type | Investment or Owner User |
| Cap Rate | 12.17% |
| Property Type | Specialty |
| Lot Size | 0.26 AC |
| Building Size | 472 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1954/2023 |
| Parking Ratio | 46.61/1,000 SF |
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PROPERTY TAXES
| Parcel Number | 07-30-01-00401 | Improvements Assessment | $85,400 (2024) |
| Land Assessment | $86,200 (2024) | Total Assessment | $171,600 (2024) |
PROPERTY TAXES
Parcel Number
07-30-01-00401
Land Assessment
$86,200 (2024)
Improvements Assessment
$85,400 (2024)
Total Assessment
$171,600 (2024)
zoning
| Zoning Code | commercial |
| commercial |
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120 Rock Island Rd - Larry's Drive In
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