Listing provided courtesy of Specialty Real Estate GroupNWMLSas Distributed by MLSGrid- MLS# NWM2506148
Images
Request Info1888 XXXX StreetLakewood, WA 98499
Commercial$1,500,000
Active
1888 XXXX Street Overview
- Visits:
- 0
Rare highly profitable, established, trendy and turnkey franchise Asian restaurant and bar business, located in a high traffic strip mall. Strong franchise support and low franchise fee. This well-known local establishment has built a loyal customer base and consistently delivers strong financial performance with reliable year-over-year growth. Spacious and welcoming atmosphere with over 80 sitting, have made it a staple gathering place within the community. The business benefits from a favorable location with a supportive landlord, and very attractive lease terms; and a dependable, tenured staffs that help ensure smooth daily operations. The current ownership has maintained a consistent operational model with strong franchise support. While already performing strongly, there remains additional upside for a new owner through enhancing alcohol sales, current bar is not fully utilized. Additional information is available to qualified buyers upon execution of a Non-Disclosure Agreement. *Sales figures based on 2025 Tax Return.
Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
View Map
1888 XXXX Street Facts & Features
- Type Commercial
Details
General
Association/HOA
- Association Fee: $0.00
Income/Expenses
- Annual Expenses: 1100000
- Annual Gross Sales: 2120000
- Annual Rent: 55000
Building Information
- Year Established: 2020
Business Information
- Business Type: Food And Beverage
Location/Region
- Country: US
- County Or Parish: Pierce
- MLS Area Major: 40 - Lakewood
- Subdivision Name: Lakewood
Rent/Lease Information
- Lease Assignable: Yes
General Information
- Listing Terms: Cash, SBA
- Property Condition: Good
- Property Sub Type: Business Opportunity
- Property Type: Business Opportunity
- Senior Community: No
- Special Listing Conditions: None
Interior
Beds/Baths
- Bedrooms Upper: 0
Building Interior
- Building Area Total: 0
- Building Area Units: Square Feet
- Calculated Square Footage: 0
- Square Footage Finished: 0
- Square Footage Unfinished: 0
General Information
- Cooling: No
- Fireplace: No
- Fireplaces Total: 0
- Heating: No
- Living Area: 0
- Main Level Bathrooms: 0
Exterior
Parking Information
- Open Parking: No
- Parking Total: 30
- Parking Uncovered Total: 30
Lot Information
- Irrigation Water Rights: No
- Lot Size Acres: 0
- Lot Size Square Feet: 0
- Lot Size Units: Square Feet
- Elevation Units: Feet
General Information
- Carport: No
- Covered Spaces: 0
1888 XXXX Street Neighborhood
Community
98499 (Lakewood) Demographics
33
Median Age
3,254
Population Density (per sq. mile)
30%
College Educated
$50,037
Estimated Median Income
4,435
Estimated Total Home Owners
8,688
Estimated Total Renters
34% / 66%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.1888 XXXX Street Monthly Cost
1888 XXXX Street Market Data
Based on the last 30 days in this zip code
$633,602
Average List Price
$301
Average Price per Square Foot
17
Properties Sold
72
Average Days on Market
104
Properties for Sale
1888 XXXX Street History
| Date | Value | Agent |
|---|---|---|
| 4/10/2026Source: NWMLS | April 10, 2026 |