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Investment Highlights
- FURNITURE, FIXTURES AND EQUIPMENT: 100% turnkey restaurant with equipment in place
- PARCEL SIZE: Approximately 0.94 acres
- 33,572 Northbound SE 164th Ave/Village Loop Rd
- PARKING: 51 parking spaces on site (9.98/1,000 SF)
- 32,340 Southbound SE 164th Ave/Village Loop Rd
Executive Summary
Unique opportunity to own the former IHOP Restaurant building located within the Fisher’s Landing trade area near Fred Meyer, New Seasons Market, Big Al’s and other major retailers. The building offers great visibility with access to Hwy 14 (from the south) and SE Mill Plain Boulevard (to the north). Columbia Crossing is located northeast of the Property, consisting of 380,000 SF of retail development (Wal-Mart, Lowe’s, Trader Joes, World Market).
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,495 SF
Building Class
B
Year Built
2002
Price
$2,800,000
Price Per SF
$622.91
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.96 AC
Zoning
CG, Vancouver - CG (General Commercial)
Parking
51 Spaces (11.35 Spaces per 1,000 SF Leased)
Frontage
81’ on SE 164th Ave
Amenities
- Corner Lot
- Pylon Sign
- Restaurant
- Signage
- Wheelchair Accessible
- Monument Signage
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 121834-000 | Improvements Assessment | $525,577 |
| Land Assessment | $1,306,723 | Total Assessment | $1,832,300 |
Property Taxes
Parcel Number
121834-000
Land Assessment
$1,306,723
Improvements Assessment
$525,577
Total Assessment
$1,832,300
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