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Property Details for 206 W 1st Ave Odessa WA 99159

MLS # : 1256884

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Property Photo MLS #: 1256884
206 W 1st Ave Odessa WA 99159
Listing Number:   1256884
Listing Price:   $97,500
Type of Business:   diner
Business Name   Odessa Drive In
Franchise   N

Katz Realty, Inc.
509-725-1701
Courtesy:   Kelly Right RE of Seattle LLC
-= Business Details =-
Major Type of Business:   Food & Beverage
Type of Business:   diner
Franchise:   N
Business Name:   Odessa Drive In
Location:   Corner, Free Standing
Year Established:   1950
Years Current Owner in Business:   2
Number of Employees:   5
Signage Stays:   Y
-= Property Details =-
Parking
Total Uncovered Parking:   35
-= Financial Information =-
Expenses
Annual Expenses:   $202,000

Income
Annual Gross Sales:   $290,000
Net Proceeds:   $88,000

Building
Real Estate Value:   $60,000
Equipment Value:   $25,000
Goodwill Value:   $5,000
Inventory Value:   $7,500
-= Location Information =-
Address:   206 W 1st Ave
City:   Odessa
State:   WA
Zip Code:   99159
Community Name:   $Odessa
Latitude:   47.33351900
Longitude:   -118.69403300
Driving Directions:   West end of 1st Ave ( Hwy 28 ) on the North side of the street.
-= Assessor Information =-
County:   Lincoln
Tax Number:   0501003001000
-= Purchase Information =-
Listing Price:   $97,500
Potential Terms:   Cash Out, Conventional
Bank Owned:   No
3rd Party Approval Required:   None
Possession Allowed:   Closing
Seller Disclosure Statement Provided:   Provided
Preliminary Title Ordered:   Yes
-= MLS Listing Details =-
Listing Number:   1256884
Listing Status:   Active
Listing Office:   Kelly Right RE of Seattle LLC
Co-listing Office:   Kelly Right RE of Seattle LLC
Listing Date:   2018-03-12
Cumulative Days on Market*:   70
MLS Area:   386
Marketing Remarks:   Included in the sale is the building, land, inventory and equipment. Located on Hwy 28, it attracts local residents and people passing through from the west side, as well as residents from all of the nearby towns. It's just 17 miles from I 90. This business has a cap rate of 9%. Odessa is referred to as the "Best Little City in Washington." We have great schools, awesome community spirit and amenities found in larger towns including a hospital, golf course swimming pool assisted living facility.
-= Disclaimer =-
The information contained in this listing has not been verified by Katz Realty, Inc. and should be verified by the buyer.
* Cumulative days on market are days since current listing date.
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