Bought with Berkshire Hathaway HS SP
$1,500,000
$1,500,000
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4,000 Sqft Lot
SOLD DATE : 11/08/2024
Key Details
Sold Price $1,500,000
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Sold
Purchase Type For Sale
Subdivision Madison Valley
MLS Listing ID 2288670
Sold Date 11/08/24
Style 60 - Comm Bldg Und 10K
Year Built 1905
Annual Tax Amount $13,229
Lot Size 4,000 Sqft
Lot Dimensions 40 x 100
Property Description
Stand alone restaurant building for sale with long-term tenant, Jae's Asian Bistro & Sushi, in the coveted Madison Valley neighborhood. 1st time on the market in over 45 years. The 2,015 SF building features tall ceilings, 2 private restrooms, mini-split A/C, indoor seating in dining room and at sushi bar plus outdoor seating on back patio. Located in the heart of Madison Valley, and at a signalized intersection, this property has 40 Ft of street frontage along E. Madison St. The street-to-street 4,000 SF lot is zoned NC2P-55(M). Single tenant has a single-net lease until 11/30/2029 with no options to extend. The Landlord is responsible for property taxes and insurance. Landlord has a Right to Terminate if the property is redeveloped.
Location
State WA
County King
Area 390 - Central Seattle
Interior
Interior Features Laminate Tile
Flooring Laminate
Fireplace false
Exterior
Exterior Feature Cement/Concrete
Roof Type Torch Down
Building
Sewer Sewer Connected
Water Public
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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