3517 Fremont Ave N - Restaurant FOR SALE


Seattle, WA 98103- Fremont
$7,200,000 USD
206-388-0125
3517 Fremont Ave N, Seattle, WA for Sale
$7,200,000 USD
Restaurant - FOR SALE
1/11
null | 6.25% Cap Rate

3517 Fremont Ave N
Seattle, WA 98103
Fremont


HIGHLIGHTS

  • *Assumable debt options as low as 3.90% through 9/2029
  • *Exciting tenant mix
  • *Full NNN Leases
  • *Awesome location
  • *Updated classic building with vintage charm intact

OVERVIEW

Presenting a prime investment opportunity in the heart of Fremont, Seattle. This iconic property at 3515 - 3517 Fremont Avenue N boasts a 20,769 square foot building dating back to 1911. With its classic architecture, and unbeatable location, this property presents a secure and rewarding investment opportunity in one of Seattle's most vibrant neighborhoods. Owned and professionally managed for the last 14 years by a well-known Seattle based property group, this building has been transformed into an iconic Fremont retail destination. This seasoned ownership group has maintained this building with care and precision, preserving its historic character while fostering an environment that attracts and retains high-quality tenants. In 2011 the ownership group transformed the upper-level apartments into a boutique Hotel/Hostel concept that played off the vintage charm of the property but with a modern vibe. More recently from 2020 - 2024 a portion of the lower-level retail was re-tenanted and reconfigured. This renovation has modernized the space, increased its usability, and positioned it for higher rental income potential. The changes have also improved the overall aesthetic and attractiveness of the property. The retail that fronts on Fremont Avenue has always been in high demand and attracted long-term tenants who contribute to the vibrancy and stability of the Fremont neighborhood. These established businesses have become an asset to the local community, enhancing the property's reputation and ensuring consistent rental income.

FOR SALE DETAILS

PRICE

$7,200,000 USD

PRICE/SF

$347 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dubliner

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1911

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

NC2P-75 (M1)

APN/PARCEL ID

197220-3060

ASK ABOUT THIS PROPERTY

Julie CarvalhoGibraltar Investment Property SolutionsMore Info
206-388-0125

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Julie CarvalhoGibraltar Investment Property SolutionsMore Info
206-388-0125

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