Spa Violet Ray | 1415 Pioneer Hwy
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Spa Violet Ray 1415 Pioneer Hwy
1,200 SF Retail Building Silvana, WA 98287 £430,348 (£359/SF)
Investment Highlights
- High End Spa with great reputation
- Updated throughout
- Location is ideal, close to Interstate 5
Executive Summary
This cherished high end spa, a few minutes from Interstate 5, is located in Historic Silvana. The spa represents a sanctuary of relaxation and rejuvenation, is turnkey, fully equipped and ready to provide a lucrative return on your investment. This building, once a local bank, boasts gorgeous updated space from floor to ceiling. You'll love the ambiance. There are 4 hair stations, 2 wash stations, reception/waiting area, mix room, break room, laundry/bathroom and 2 treatment rooms. Current spa has 9 employees including receptionist, esthetician and hair stylists. Trex deck in back for relaxation, shed and newer off-site drainfield. Building has $28,000 worth of recent upgrades. Don't miss the historic mural on the West side of building. Business and Building to be sold together at the price of $550,000. The Sellers own both the Spa and the Building. The Spa leases the space from the Seller as specified.
Data Room Click Here to Access
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£26,290
|
£21.91
|
| Other Income |
£385,076
|
£320.90
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£411,366
|
£342.81
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
£350,031
|
£291.69
|
| Net Operating Income |
£61,335
|
£51.11
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | £26,290 |
| Annual Per SF | £21.91 |
| Other Income | |
|---|---|
| Annual | £385,076 |
| Annual Per SF | £320.90 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £411,366 |
| Annual Per SF | £342.81 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | £350,031 |
| Annual Per SF | £291.69 |
| Net Operating Income | |
|---|---|
| Annual | £61,335 |
| Annual Per SF | £51.11 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
1,200 SF
Year Built/Renovated
1919/2024
Price
£430,348
Price Per SF
£359
Tenancy
Single
Number of Floors
1
Building FAR
0.18
Lot Size
0.15 AC
Zoning
Business
Parking
5 Spaces
Frontage
46 ft on Pioneer Highway
Amenities
- Security System
- Accent Lighting
- Air Conditioning
- Smoke Detector
PROPERTY TAXES
| Parcel Number | 005735-002-003-00 | Improvements Assessment | £0 (2024) |
| Land Assessment | £20,657 (2024) | Total Assessment | £20,657 (2024) |
PROPERTY TAXES
Parcel Number
005735-002-003-00
Land Assessment
£20,657 (2024)
Improvements Assessment
£0 (2024)
Total Assessment
£20,657 (2024)
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Spa Violet Ray | 1415 Pioneer Hwy
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