220 N Forks Avenue, Forks, WA 98331
- $689,000
Listing courtesy of Forks Avenue Real Estate.
- List Price
- $689,000
- Status
- ACTIVE
- MLS#
- 1821751
- Price Change
- ▼ $10,000 1708582103
- Days on Market
- 1782
- Annual Tax Ammount
- 2559
Property Description
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!
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Additional Information
- Community
- Forks
- Building Condition
- Fair
- Style
- 60 - Comm Bldg Und 10K
- Year Built
- 1967
- # of Assigned Spaces
- 20
- Roof
- Flat, Metal
- Tax Year
- 2021
- Potential Terms
- Cash, Owner Will Carry
- Flooring
- Concrete, Laminate
- Driving Directions
- West side of Hwy 101 North in Forks.
- Electric Expenses
- 10200
- Other Expenses
- 3600
- Energy Source
- Electric
- Net Operating Income
- $519,000
- Gross Adjusted Income
- $593,000
- Gross Scheduled Income
- $929,000
- Water/Sewer/Garbage Expenses
- $6,900
- Cap Rate
- 8
- Total Expenses
- $32,201
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.