12968 US HWY 12, Packwood, WA 98361
- $799,000
Listing courtesy of Keller Williams South Sound.
- List Price
- $799,000
- Status
- ACTIVE
- MLS#
- 2370488
- Price Change
- ▼ $100,000 1780091613
- Days on Market
- 449
- Annual Tax Ammount
- 1050
- Internet Provider
- Multiple available
Property Description
Prime Cash-Flow Investment – Packwood, WA Secure a high-cap-rate asset combining profitable operations and appreciating real estate at the gateway to Mt. Rainier, White Pass Ski Area, and STR concentration. This 1,833 SF turnkey restaurant with 588 SF apartment space, covered outdoor seating, and 11 parking spots delivers strong income, expansion potential, and proven performance with 15 years of 4-Star+ reviews. Includes land, building, FF&E, and inventory. Zoned STMU for growth—convert, expand, or lease. Solid returns, limited competition, and owner financing! Invest where people come to play & Adventure Meets Opportunity! Proven ROI! Income Producing Asset! Strong NOI & Consistent Returns! Hwy 12 Frontage! Schedule a showing!
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Additional Information
- Community
- Packwood
- Building Condition
- Good
- Style
- 62 - Business Opp.
- Year Built
- 1975
- Roof
- Metal
- Tax Year
- 2024
- Potential Terms
- Cash, Conventional
- Flooring
- Ceramic Tile, Hardwood, Laminate, Vinyl
- Driving Directions
- US 12 - center of Packwood, South Side, can't miss the orange and yellow building!
- Electric Expenses
- 3374
- Other Expenses
- 131453
- Energy Source
- Electric, Propane, See Remarks
- Net Operating Income
- $162,000
- Gross Adjusted Income
- $293,372
- Gross Scheduled Income
- $293,372
- Water/Sewer/Garbage Expenses
- $4,879
- Cap Rate
- 16
- Total Expenses
- $150,201
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.