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    5602-5606 1St Ave S Seattle, WA 98107

    For Sale
    $1,750,000

    Freestanding restaurant and bar with parking for sale.

    Property size:
    3,698 SF
    Lot size:
    0.15 Acres

    Property Features for 5602-5606 1St Ave S

    General Information

    Size
    3,698 SF
    Lot size
    0.15 Acres

    Source: Berkshire Hathaway HomeServices Northwest Real Estate Agent Craig Roberts

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

    Overview

    Restaurant and Bar with Parking

    The property features a freestanding restaurant and bar, known as Slim's Last Chance Saloon. The sale includes the building and the restaurant operation. The fully fixtured restaurant includes a kitchen with a type 1 hood, an outdoor patio/dining area, and a sound system for two stages. It has a highly visible corner location with 120 feet of frontage on 1st Ave S. The property includes on-site parking located at the rear of the building. The sale encompasses the entire operation, including all property, stoves, ovens, appliances, kitchen, bar ware, and fixtures, excluding Slim's art. The building size is 3,698 square feet. The adjacent space at 5602 is recently vacant. Slim's Last Chance Saloon has been featured on Diner, Drive-Ins and Dives and made famous by the Travel Channel and Food Paradise.
    Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Building Supply Auto Repair Shop Nail Salon Clothing Store

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

    Similar Places Nearby

    Medina Hookah Lounge, Steelheads Alley, 14 Hands, The Hawks Nest, Jimmy's On First

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.3338989
    Latitude
    47.5526005

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    FAQs

    What type of property is this?
    Bar - Freestanding restaurant and bar with parking for sale.
    Where is this bar located?
    The property is located at 5602-5606 1St Ave S Seattle, WA.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: - Fully fixtured, free-standing restaurant with all equipment included, from stoves and ovens to appliances, kitchen, and bar ware.; - **High-visibility corner location with 120 ft frontage on 1st Ave S.**; - Onsite parking in rear of building.
    (206) 938-6829
    Request Owner's contact information
    5602-5606 1St Ave S Seattle, WA 98107
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    Seattle, WA 98107
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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
    5602-5606 1St Ave S Seattle, WA 98107
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