10231 16th Avenue SW, Seattle, WA 98146

$785,000

Listing courtesy of Whitecap Real Estate. Selling Office: Coldwell Banker Danforth.

Sold Price
$785,000
List Price
$850,000
Status
SOLD
MLS#
1366490
Closing Date
Sep 03, 2019
Days on Market
250
Annual Tax Ammount
7666

Property Description

Turn-key restaurant on bustling 16th Ave in SW Seattle. This site currently has an existing 2575 sqft retail/restaurant space generating about 345K per year. The surrounding neighborhood includes a new Starbucks, new construction row homes & a growing number of small businesses & restaurants. This location is also shadow-anchored by McLendon's Hardware across the street. Special overlay (CB-SO) zoning w/potential for restaurant, retail, catering, commissary, etc. - Buyer to verify.

Additional Information

Community
White Center
Style
75 - Retail
Year Built
1970
Roof
Flat
Tax Year
2017
Potential Terms
Cash Out, Conventional, Owner Financing
Interior Features
Forced Air, Ceramic Tile, Wall to Wall Carpet
Flooring
Ceramic Tile, Vinyl, Carpet
Driving Directions
From 509 take Myers Way/White Center Exit. Merge onto 1st. Turn slightly right onto Olson Place SW. Continue to Roxbury. Go south on 16th. Restaurant will be on the West side of street.
Other Expenses
172556
Net Operating Income
$156,486
Gross Scheduled Income
$345,956
Cap Rate
15
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