Building
Features:   Signage Included
Year Built:   1954
Effective Year Built:   1954
Effective Year Built Source:   Public Records
Building Condition:   Remodeled
Approx. Building Sq Ft:   472
Roof:   Torch Down
Exterior:   Wood
Foundation:   Poured Concrete, Slab
Floor Covering:   Concrete

Land
Lot Size:   11,326 Sq Ft
Lot Size Source:   county

Utilities
Energy Source:   Electric
Water Source:   Public
Sewer:   Sewer Connected

-= Financial Information =-

Income
Gross Scheduled Income:   $519,377
Gross Adjusted Income:   $174,018

Expenses
Net Operating Costs:   $119,300
Electrical Expense:   $5,384
Water/Sewer/Garbage:   $3,800
Insurance Expenses:   $4,292
Other Expenses:   $257,735
Total Expenses:   $273,242
Total Expenses:   $273,242

Computation / Other
Cap Rate (NOI / Listing Price):   9.00
Gross Rent Multiplier:   3.00

-= Location Information =-

Address:   120 Rock Island Road, East Wenatchee, WA 98802
City:   East Wenatchee
State:
Zip Code:   98802
Latitude:   47.40325800
Longitude:   -120.28870900
Driving Directions:   Head South on Sunset HWY(28). Turn Left on Grant Road. Turn Right on Rock Island Rd. Restaurant is on right hand side.

-= Community Information =-

Community Name: East Wenatchee

-= Assessor Information =-

County:   Douglas
Tax Number:   07300100401
General Zoning Classification:   Business, Commercial, Retail
Zoning Jurisdiction:   City
Tax Amount:   $2,031   Tax amount may change after sale.
Tax Year:   2023

-= Purchase Information =-

Listing Price:   $1,099,000
Potential Terms:   Cash Out, Conventional
3rd Party Approval Required:   None
Possession Allowed:   Closing
Preliminary Title Ordered:   Yes

-= MLS Listing Details =-

Listing Number:   2184654
Listing Status:   Active
Listing Office:   John L. Scott Wenatchee
Listing Date:   2023-12-09
Original Listing Price:   $1,375,000
MLS Area:   East Wenatchee
Marketing Remarks:   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! One of the owners is a Licensed Real Estate Agent in the state of Washington

-= Multiple Listing Service =-

-= 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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