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    2605-2609 E Cherry St Seattle, WA 98122

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    For Sale
    $2,550,000

    Corner lot in Seattle's Central District with mixed-use potential.

    Property size:
    2,310 SF
    Lot size:
    0.18 Acres

    Property Features for 2605-2609 E Cherry St

    General Information

    Size
    2,310 SF
    Lot size
    0.18 Acres

    Source: Peizer Commercial Real Estate, LLC Agent Mark Peizer

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

    Overview

    Seattle Corner Lot Restaurant Site

    This property is strategically located on a corner lot in the heart of the Central District of Seattle. It has a 30-year history as the city's oldest Ethiopian restaurant. The site is situated just three blocks from Garfield High School and is equidistant from the major commercial arteries of 23rd Avenue East and Martin Luther King Jr. Way. The zoning allows for a mixed-use development of five stories, potentially accommodating over 40 apartments or 6 to 8 townhomes, subject to buyer confirmation. The existing restaurant and bar can continue operation until future development occurs. Other potential uses for the site include childcare, an adult family home, or a church/community center. All fixtures, furniture, and equipment are included in the sale. The property size is 2310 square feet.
    Location Intelligence

    Current Use by Public Records

    Restaurants

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Similar Places Nearby

    ESCA Catering, Cloud Nine Cold Drinks

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.2985596
    Latitude
    47.6078048

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    FAQs

    What type of property is this?
    Restaurant - Corner lot in Seattle's Central District with mixed-use potential.
    Where is this restaurant located?
    The property is located at 2605-2609 E Cherry St Seattle, WA.
    What is the asking price?
    The asking price for this property is $2,550,000.
    What are key features of this property?
    This property features: - Mixed-use development potential with zoning allowing for 5 stories.; - Strategic corner lot location in the Central District of Seattle.; - Existing restaurant/bar operation can continue until future development.
    (206) 909-3314
    Request Owner's contact information
    2605-2609 E Cherry St Seattle, WA 98122
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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
    2605-2609 E Cherry St Seattle, WA 98122
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