12968 US HWY 12, Packwood, WA 98361
- $799,000
Listing courtesy of Keller Williams South Sound.
- List Price
- $799,000
- Status
- ACTIVE
- MLS#
- 2568526
- Days on Market
- 452
- Annual Tax Ammount
- 1050
- Internet Provider
- Multiple available
Property Description
Own a thriving, turn-key burger restaurant at the gateway to Mt. Rainier National Park, White Pass Ski in Packwood, WA! For the owner ready to trade a paycheck for equity, the business is a rare live-work package: a proven, 15-year restaurant with an attached apartment, on Highway 12's main stream of hikers, skiers, and short-term-rental traffic heading to prime recreation areas. This isn't a startup — it's an established local favorite with 15 years of 4-star-plus reviews, ready for an operator who wants to run it as their own from day one. The sale includes the 1,833 SF building, a 588 SF attached apartment for on-site living, and the full FF&E and inventory needed to operate day one — walk-in and reach-in refrigeration, three-compartment dish sink, prep tables, deep fryer, four-burner gas grill and hood, POS system, indoor dining, and covered outdoor seating, parking for 11+ vehicles. No build-out, no equipment hunt — just an owner-operator ready to work. Numbers That Reward Hands-On Ownership! Gross sales have run $375,000 +/- annually since 2022, with a reported $162,000 net operating income and a 16% cap rate at the current asking price. Sales are seasonal, with June–September driving the bulk of revenue — leaving real upside for an on-site owner to extend hours, add offerings, or capture more of Packwood's growing tourism and short-term-rental demand outside peak months. The real estate is Zoned STMU, commercial, residential, STR okay.
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Additional Information
- Community
- Packwood
- Building Condition
- Good
- Style
- 62 - Business Opp.
- Year Built
- 1975
- # of Assigned Spaces
- 11
- Roof
- Metal
- Tax Year
- 2025
- 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 - Cliff Droppers!
- 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.