2605 E Cherry St - Restaurant FOR SALE


Seattle, WA 98122- Mann
$2,550,000 USD
206-909-3314
2605 E Cherry St, Seattle, WA for Sale
$2,550,000 USD
Restaurant - FOR SALE
1/34
null | Request Cap Rate

NEW


2605 E Cherry St
Seattle, WA 98122
Mann


HIGHLIGHTS

  • Excellent 5-Story Development Site (44 Apt. Units or 6-8 Townhomes - Buyer to verify)
  • Owner's Apartment on Lower Level (2 Bedrooms + Bonus Room + Full Bath)
  • Operate Fully Functional Restaurant Until Future Development (Currently has a "Beer & Wine" Liquor License)
  • Restaurant previously operated with a Class 'H' Liquor License with a Maximum Capacity of 150+

OVERVIEW

Strategically located on a corner lot in the heart of the Central District of Seattle, this Site boasts a 30-year tradition as the oldest Ethiopian restaurant in the City. The Site is just 3 blocks from Garfield High School and equidistant from 2 major commercial arterials - 23rd Ave. E. & MLK Way. Excellent zoning allows for a mixed-use development of 5 stories (40+ apartments or 6-8 Townhomes. - Buyer to verify). Operate the restaurant/bar until future development. Other uses of property include childcare, adult family home, or church/community center. All "F, F' & E" remains in building as it is included in sale.

FOR SALE DETAILS

PRICE

$2,550,000 USD

PRICE/SF

$1,104 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar, Freestanding, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1949

SPRINKLERS

-

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,682 SF

ZONING

NC1-55(M), Seattle

APN/PARCEL ID

121100-0020,121100-0035

ASK ABOUT THIS PROPERTY

Mark PeizerPeizer Commercial Real Estate, LLCMore Info
206-909-3314

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Mark PeizerPeizer Commercial Real Estate, LLCMore Info
206-909-3314

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.