Cafe/Bakery Retail
For Sale
Contact for pricing
Pending
1500 Western Ave, Seattle, WA 98107
Sale of a niche cafe/bakery requires Pike Place Market PDA and Historical Commission approval.
Property Size408 SF
Days on Market151
Property Features for 1500 Western Ave
General Information
Standard status
Pending
Size
408 SF
Property subtype
Retail
Additional Details
Business Included
Yes
Listing Agency:
Ewing & Clark
Listed By:
Tom Graff · License #WA
(206) 695-4822
Source:
Crexi
Added: Apr 11
Changed: Sep 3
Last Checked: Sep 8 at 8:34AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ewing & Clark
Investment Insights
Based on property information with market context.
This for-sale opportunity is for a niche cafe/bakery located within Pike Place Market. The space is approximately 408 SF and is subject to Sale, Transfer and Use permit approval by the Pike Place Market PDA and the Pike Place Market Historical Commission.
The location is at the Western Ave entrance to the Market, providing access for visitors including cruise ship tourists visiting Seattle (over 1 million per year). Existing lease terms call for occupancy through November 2020, with one five-year option.
Financial terms referenced in the offering include approximately $541.05 per month plus NNN and sales-based percentage rent. Any transfer or assignment is subject to landlord approval.
The location is at the Western Ave entrance to the Market, providing access for visitors including cruise ship tourists visiting Seattle (over 1 million per year). Existing lease terms call for occupancy through November 2020, with one five-year option.
Financial terms referenced in the offering include approximately $541.05 per month plus NNN and sales-based percentage rent. Any transfer or assignment is subject to landlord approval.
Key Highlights
- Niche cafe/bakery sale in Seattle’s historic Pike Place Market, subject to Pike Place Market PDA approval and Pike Place Market Historical Commission approval.
- Location at the Western Ave entrance to the Market, with easy access for cruise ship tourists (over 1 million/year).
- Pike Place Market draws approximately 12 million visitors per year.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
18,335
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 98107, WA
28,557
Population
16,538
Households
1.7
Avg Household Size
35
Median Age
76%
College-Educated
99%
High-School Grad
2.2 sq mi
ZIP Area
12,980
Density / Sq Mi
$137,748
Median Household Income
$82,884
Median Earnings
$2,194
Median Rent
$924,900
Median Home Value
Market
Vacancy Rate% for Retail in Seattle, WA
Questions? Ask Rey
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Similar Off Market Nearby
- Izumi Cafe & Karaoke — 207 2nd Ave S, Seattle, WA 98104
- General Porpoise — 401 1st Ave S, Seattle, WA 98104
- Zeitgeist Coffee. — 171 S Jackson St, Seattle, WA 98104
- Caffe Umbria — 320 Occidental Ave S, Seattle, WA 98104
- Elliott Bay Cafe — 103 South Main St, Seattle, WA 98104
Frequently Asked Questions
What type of property is this?
Coffee shop - Sale of a niche cafe/bakery requires Pike Place Market PDA and Historical Commission approval.
Where is this coffee shop located?
The property is located at 1500 Western Ave Seattle, WA.
What are key features of this property?
This property features: Niche cafe/bakery sale in Seattle’s historic Pike Place Market, subject to Pike Place Market PDA approval and Pike Place Market Historical Commission approval.; Location at the Western Ave entrance to the Market, with easy access for cruise ship tourists (over 1 million/year).; Pike Place Market draws approximately 12 million visitors per year.
