Rose Lake Restaurant

Retail-Commercial for Sale
Catylist Listing ID: 30506809
Property Subtypes: Restaurant
Building Size (RSF): 3,040 SF
Gross Land Area: 0.39 Acres
Sale Price: $350,000
Unit Price: $115.13 PSF
Property Use Type: Investment, Business
Building Name: Rose Lake Restaurant
Usable Size (USF): 3,040 SF
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 9/25/2019

Overview / Comments

Long standing Rose Lake Restaurant now available by itself for the first time in nearly 30 years. Completely family owned and operated, this restaurant has a glowing reputation with 4-star reviews on multiple sites. Most notably 4.4/5 stars on Google with 77 reviews. Strong return customer base combined with plenty of support from local camping, hunting, and tourist crowds. Breakfast and lunch only, opportunity open for Dinner service. Business and real estate included in this completely turnkey opportunity with all equipment and inventory included. Additional property available next door. (19-10603)

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Additional Details

Nearest MSA: Coeur d'Alene
County: Kootenai
Tax ID/APN: 49N01W-22-9375
Zoning: COMMERCIAL
Retail Clientele: General, Family, Traveler, Tourist, Recreation
Property Located Between: Highway 3 & Highway 97
Property Visibility: Excellent
Largest Nearby Street: Highway 90
Highway Access: From property on Hwy 3 about 500 yards to entrance to Hwy 90
Site Description: Convenient location off Hwy 90 for breakfast or lunch. Next door to Gas station and C-store which is also for sale. No other conveniences for miles. Rustic, charming building on .39 acres with plenty of parking. Approx 30 min North of Coeur d'Alene
Area Description: Rose Lake is a destination lake for camping, boating and fishing. Scenic drive on Highway 3 leads to Highway 97, Harrison and St Mary's.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 3,040 SF
Property Condition: Good
Year Built: 1975
Roof Type: Other
Construction/Siding: Wood Shingle
Parking Type: Surface
Parking Description: Plenty of parking on the property itself, plus free parking available on surrounding State land.
Heat Type: Electricity, Propane
Heat Source: Central
Air Conditioning: Other
Interior Description: Country quaint and family oriented. Open and well appointed galley kitchen with stove and large grill. Downstairs area used for making "The Cookie Man's" famous cookies.
Zoning Description: County Commercial
Water Service: Well
Sewer Type: Septic
Easements: Pipelines, Electric Lines, Ingress/Egress, Utilities
Land Ownership: Fee-Simple

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Demographic Statistics

Proximity: 5 miles
Total Population: 1,703
Median Age: 48.5
Households: 731

Contact

Photograph of Listing Agent

Daniel Davis

Coldwell Banker Commercial
NWCRE Member
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