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24706 E Wellesley Ave 5,364 SF Retail Building Otis Orchards, WA 99027 $795,000 ($148.21/SF)
Investment Highlights
- 35+ year established restaurant destination with strong local recognition and customer awareness
- Five existing structures on-site including a restaurant, residence, dry storage, warehouse, and a small storage building.
- Regional Commercial zoning supports a broad range of commercial and redevelopment opportunities.
- Mixed-use combining business operations, residential use, and future value-add potential.
Executive Summary
Unique live-work opportunity featuring a 1.01-acre mixed-use property with an established restaurant, residence, warehouse, and storage buildings. Zoned Regional Commercial (RC), the site offers operational flexibility and long-term investment potential. 35+ year established restaurant destination with strong local recognition and customer awareness (No value has been given to the business. FF&E available separately).
Restaurant - 1,440 SF | Built 1955
Manufactured Home - 2,400 SF | Built 1999
Dry Storage - 624 SF | Built 1952
Warehouse - 900 SF
Restaurant - 1,440 SF | Built 1955
Manufactured Home - 2,400 SF | Built 1999
Dry Storage - 624 SF | Built 1952
Warehouse - 900 SF
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
5,364 SF
Building Class
C
Year Built
1952
Price
$795,000
Price Per SF
$148.21
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.01 AC
Zoning
RC - Regional Commercial
Parking
18 Spaces (3.36 Spaces per 1,000 SF Leased)
Frontage
149’ on N Murray Rd
Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 55021.0170 | Improvements Assessment | $220,400 |
| Land Assessment | $219,980 | Total Assessment | $440,380 |
Property Taxes
Parcel Number
55021.0170
Land Assessment
$219,980
Improvements Assessment
$220,400
Total Assessment
$440,380
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24706 E Wellesley Ave
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