James & Angie Smith

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Listing provided courtesy of John L. Scott WenatcheeNWMLSas Distributed by MLSGrid- MLS# NWM2184654MLS Provider

120 Rock Island RoadEast Wenatchee, WA 98802

Commercial · 0.26 Acres
$1,099,000 Active

120 Rock Island Road Overview

Visits:
15

Iconic restaurant for sale! Includes both land parcels, along with newly remodeled building. Larry's Drive In has been in business for almost 70 years! The newly added milkshake machine and space has improved profitability. Larry's is known for the Chicken but also the Burgers! Don't miss out on this turn-key business! One of the owners is a Licensed Real Estate Agent in the state of Washington

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120 Rock Island Road Facts & Features

  • Type Commercial
  • Lot 0.26 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

Income/Expenses

  • Other Expense: 257735.33
  • Electric Expense: 5383.77
  • Fuel Expense: 0
  • Gross Scheduled Income: 519377
  • Insurance Expense: 4292.1
  • Net Operating Income: 119300
  • Total Expenses: 273242.06
  • Water/Sewer/Garbage: 3799.64

Building Information

  • Year Built: 1954

Location/Region

  • Country: US
  • County Or Parish: Douglas
  • MLS Area Major: 970 - East Wenatchee
  • Subdivision Name: East Wenatchee

Tax Information

  • Tax Annual Amount: $2,031.22
  • Tax Year: 2023

General Information

  • Listing Terms: Cash Out, Conventional
  • Parcel Number: 07300100401
  • Possible Use: Business,Commercial,Retail
  • Property Sub Type: Commercial Industrial
  • Property Type: Commercial Sale
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Beds/Baths

  • Bedrooms Possible: 0
  • Bedrooms Upper: 0

Building Interior

  • Approximate Building Square Feet: 472
  • Building Area Total: 0
  • Building Area Units: Square Feet
  • Calculated Square Footage: 0
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: Yes
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Concrete
  • Foundation Details: Poured Concrete, Slab
  • Heating: Yes
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Power Production Type: Electric

Exterior

Parking Information

  • Open Parking: No
  • Parking Total: 0

Lot Information

  • Irrigation Water Rights: No
  • Lot Size Acres: 0.26
  • Lot Size Square Feet: 11326
  • Lot Size Units: Square Feet
  • Elevation Units: Feet
  • Water Source: Public

Building Exterior/Construction

  • Roof: Torch Down
  • Structure Type: Unspecified

General Information

  • Carport: No
  • Exterior Features: Wood
  • Sewer: Sewer Connected

120 Rock Island Road Neighborhood

Community

98802 (East Wenatchee) Demographics

38
Median Age
173
Population Density (per sq. mile)
34%
College Educated
$71,093
Estimated Median Income
7,994
Estimated Total Home Owners
3,536
Estimated Total Renters
69% / 31%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

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.

120 Rock Island Road Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

120 Rock Island Road Market Data

Based on the last 30 days in this zip code

$685,345
Average List Price
$302
Average Price per Square Foot
36
Properties Sold
72
Average Days on Market
168
Properties for Sale
Calculations provided by Reliance Network

120 Rock Island Road History

Date Event Value Agent
4/1/2025Source: NWMLS Price Reduction
$1,099,000 -8.3%
6/13/2024Source: NWMLS Price Reduction
$1,199,000 -7.7%
2/16/2024Source: NWMLS Price Reduction
$1,299,000 -5.5%
12/9/2023Source: NWMLS Added to Database
December 09, 2023