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220 N Forks Ave
2,448 SF Retail Building Forks, WA 98331 $689,000 ($281/SF)
Investment Highlights
- Heavy traffic area of Olympic Peninsula
- Several lots for diversified use
- Local as well as tourist income opportunity
Executive Summary
Financial Summary (Actual - 2022) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$742,557
|
$303.33
|
| Taxes |
$2,646
|
$1.08
|
| Operating Expenses |
$642,600
|
$262.50
|
| Total Expenses |
$645,246
|
$263.58
|
| Net Operating Income |
$97,311
|
$39.75
|
Financial Summary (Actual - 2022)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $742,557 |
| Annual Per SF | $303.33 |
| Taxes | |
|---|---|
| Annual | $2,646 |
| Annual Per SF | $1.08 |
| Operating Expenses | |
|---|---|
| Annual | $642,600 |
| Annual Per SF | $262.50 |
| Total Expenses | |
|---|---|
| Annual | $645,246 |
| Annual Per SF | $263.58 |
| Net Operating Income | |
|---|---|
| Annual | $97,311 |
| Annual Per SF | $39.75 |
Property Facts
Amenities
- Restaurant
- Signage
- Storage Space
- Air Conditioning
About 220 N Forks Ave , Forks, WA 98331
Long standing and well loved business in this growing and thriving community on over 0.77 acres of Highway 101 frontage! This restaurant has been a staple of the Forks area for many years and the business is only growing as more people come to the area and find the hidden treasure that the surrounding nature has to offer. The building was originally a drive up in 1967 but was later converted to offer indoor dining as well and as of September 2021 will have 70 seat capacity. Connected to City water and sewer, PUD power and offering plenty of space for parking or further expansion. Includes real estate, equipment and plenty of blue sky. Property is made up of 6 lots which may allow for diversified opportunities!
Presented by
220 N Forks Ave
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