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Hoang 633 E 1st St 4,436 SF Retail Building Port Angeles, WA 98362 $988,000 ($222.72/SF)



INVESTMENT HIGHLIGHTS
- Heavy traffic count
EXECUTIVE SUMMARY
Well established restaurant and bar with building. Boasting over 4,000 sq ft the building is centrally located and directly across the street from the largest general store in town, and heavy traffic counts. There is an attached lounge lovingly nicknamed, China bar paying homage to the restaurant's former identity. It has been operational for nearly 30 years with large retention of die hard “regulars”. The dining area can be maximized for up to 60 or more seats with an additional banquet room that could seat 30 more. Restaurant has cult like following and boasts over a 4.5-star rating across all social platforms. A solid brand and following is already built along with the systems to easily generate 7 figures with the right owner
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Bar
Building Size
4,436 SF
Building Class
C
Year Built
1940
Price
$988,000
Price Per SF
$222.72
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
0.48 AC
Zoning
PCA - Planned community area
AMENITIES
- Signage
- Air Conditioning
Walk Score®
Very Walkable (71)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 61471 | Improvements Assessment | $450,000 |
| Land Assessment | $252,000 | Total Assessment | $702,000 |
PROPERTY TAXES
Parcel Number
61471
Land Assessment
$252,000
Improvements Assessment
$450,000
Total Assessment
$702,000
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Hoang | 633 E 1st St
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