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    1509 E Mercer St Seattle, WA 98112

    For Lease
    $40 SF/Yr ($5,840 /Mo)

    Built-out restaurant and bar space for lease on Capital Hill.

    Property size:
    1,752 SF
    Lot size:
    0.13 Acres

    Property Features for 1509 E Mercer St

    General Information

    Size
    1,752 SF
    Lot size
    0.13 Acres

    Source: Gibraltar, LLC Agent Laura Miller

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Capital Hill Restaurant and Bar

    This is a rare opportunity to lease a built-out restaurant and bar located on Capital Hill's bustling 15th Ave E. The space is 4,937 square feet but divisible to 1,752 or 3,185 square feet. The main dining room features original wood paneling from a local barn, chandeliers, a stained glass window, and plant motif wallpaper. The chef's kitchen includes a 20-foot type 1 hood and a walk-in cooler. There are also two full bars and operable/sliding storefront windows. The landlord will complete building storefront renovations designed by SkB Architects, to include large new storefront windows. The property is available now.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Zipcar Car Rental Agency Fredonia Apartment Building Practical Pest Control Pest Control Service

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Cafe Stellina Catering/NEST School Lunch, Mirage Mediterranean Grill, Cloud Nine Cold Drinks, Southern Taiwan (Yangmama Kitchen), Nourish Catering

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.312369
    Latitude
    47.6241572

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    FAQs

    What type of property is this?
    Restaurant - Built-out restaurant and bar space for lease on Capital Hill.
    Where is this restaurant located?
    The property is located at 1509 E Mercer St Seattle, WA.
    What is the lease rate?
    The lease rate is $40 SF/Yr.
    What are key features of this property?
    This property features: - Built-out restaurant and bar space on Capital Hill's 15th Ave E.; - Large space: 4,937 Sq Ft (divisible to 1,752 RSF / 3,185 RSF).; - Chef's kitchen with **20-foot Type 1 hood and walk-in cooler**.
    (206) 351-3573
    Request Owner's contact information
    1509 E Mercer St Seattle, WA 98112
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    Seattle, WA 98112
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1509 E Mercer St Seattle, WA 98112
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