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    33723-33731 SE Redmond-Fall City Rd Fall City, WA

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    For Sale
    $1,800,000

    Mixed-use property with established restaurants and apartment in Fall City.

    Property size:
    5,872 SF
    Lot size:
    0.21 Acres

    Property Features for 33723-33731 SE Redmond-Fall City Rd

    General Information

    Size
    5,872 SF
    Lot size
    0.21 Acres

    Source: NAI Puget Sound Properties Agent Kyle Schipper, SIOR

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

    Overview

    Fall City Mixed-Use Investment Property

    This mixed-use property in downtown Fall City, Washington, features a total area of 5,872 square feet on a 0.17-acre lot. The property includes the 1,100-square-foot Riverside Tavern, which has an existing NNN lease expiring on September 30, 2031. Additionally, the Fall City Bar & Grill occupies 4,203 square feet under a NNN lease with 5 years remaining. A 569-square-foot, two-bedroom apartment is located on the second story. Situated along Highway 202 and across from the Snoqualmie River, the property benefits from its location in a fast-growing East King County submarket. A new roof is scheduled to be installed in the summer of 2025. The property has a cap rate of 6.67%. The property includes highly rated and established restaurants.
    Location Intelligence

    Current Use by Public Records

    Bars

    Map

    City
    Fall City
    County
    King
    State
    Washington
    Longitude
    -121.8887269
    Latitude
    47.5673237

    Nearby Similar for Sale

    • $1,800,000
      5,872 SF

      Fall City Restaurant and Tavern

      Restaurant, tavern, and apartment in downtown Fall City, WA.
      33723 SE Redmond-Fall City Rd, Fall City, WA 98024
      View Details
    • $1,900,000
      5,872 SF

      Fall City Restaurant & Tavern Investment

      Prime Restaurant Property, High Cap Rate
      33723 Redmond, Fall City, WA 98024
      View Details

    FAQs

    What type of property is this?
    Restaurant - Mixed-use property with established restaurants and apartment in Fall City.
    Where is this restaurant located?
    The property is located at 33723-33731 SE Redmond-Fall City Rd Fall City, WA.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: - High-traffic downtown Fall City location along Highway 202 and across from the Snoqualmie River.; - Two established NNN leases in place with the Riverside Tavern and Fall City Bar & Grill providing immediate income.; - Attractive 6.67% cap rate.
    (253) 203-1320
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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
    33723-33731 SE Redmond-Fall City Rd Fall City, WA
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