Turnkey Coffee Shop
1909-1911 10th Ave W Seattle, WA 98119
1909-1911 10th Ave W, Seattle, WA, 98119
Contact for pricing
For Sale
Contact for pricing
Single-level coffee shop condo built in 2002 with a kitchen/production area and private restroom.
Property Size945 SF
Price / SF$528.04
Days on Market72
Property Features for 1909-1911 10th Ave W
General Information
- Standard status
- Active
- Size
- 945 SF
- Property subtype
- RETAIL
Listing agency
Paragon Real Estate Advisors
(206) 812-9137
Listed by
Mitch Battison
Source
Moodyscre
Added: May 12 Updated: Jul 22 at 12:26AM Checked: Jul 22 at 12:26AM
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 Paragon Real Estate Advisors
Investment Insights
Based on property information with market context.
Paragon Real Estate Advisors presents a 945-square-foot commercial condo at 1909–1911 10th Ave W, built in 2002 and currently built out as a coffee shop. The space features a clean, efficient single-level layout designed for customer-facing operations, with a main service area, kitchen/production space, and a private restroom. The storefront is supported by large windows that bring in natural light and provide visibility for branding.
The property is located in Seattle’s Queen Anne neighborhood along 10th Ave W. The site reports traffic counts exceeding 5,000 vehicles per day in a dense, walkable residential area. The condo is leased through 2028, providing immediate income, with NNN reimbursements scheduled to begin in 2026. Seller financing is also available.
Ideal for an owner-user or investor seeking a turnkey, low-maintenance setup with established income and additional reimbursement timing in the later term.
The property is located in Seattle’s Queen Anne neighborhood along 10th Ave W. The site reports traffic counts exceeding 5,000 vehicles per day in a dense, walkable residential area. The condo is leased through 2028, providing immediate income, with NNN reimbursements scheduled to begin in 2026. Seller financing is also available.
Ideal for an owner-user or investor seeking a turnkey, low-maintenance setup with established income and additional reimbursement timing in the later term.
Key Highlights
- 945‑SF commercial condo built in 2002 with a single‑level layout for customer‑facing use
- Currently built out as a coffee shop with main service area, kitchen/production space, and a private restroom
- Leased through 2028, providing immediate income
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.8k | $23.04 |
| − Vacancy | −$544 | −$0.58 |
| EGI | $21.2k | $22.46 |
| − OpEx | −$5.3k | −$5.62 |
| NOI | $15.9k | $16.85 |
945 SF · lease $23.04/SF/yr · vacancy 2.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$227.4K
$199.0K – $265.4K
NOI $15,921 @ 7.0% cap · market cap 3.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$284.3K
$248.8K – $331.7K
NOI $19,901 @ 7.0% cap · market cap 3.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Coffee shops
Similar For Sale Nearby
Similar Off Market Nearby
- Caffe Fiore — 224 W Galer St, Seattle, WA 98119
- Global Eats — 645 elliott ave w, seattle, wa 98119
- Starbucks — 1144 Elliott Ave W, Seattle, WA 98119
- Flore Organic Roasting Co — 224 W Galer St, Seattle, WA 98119
- Queen Anne Roasters — 405 W Galer St, Seattle, WA 98119
FAQs
What type of property is this?
Coffee shop - Single-level coffee shop condo built in 2002 with a kitchen/production area and private restroom.
Where is this coffee shop located?
The property is located at 1909-1911 10th Ave W Seattle, WA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 945‑SF commercial condo built in 2002 with a single‑level layout for customer‑facing use; Currently built out as a coffee shop with main service area, kitchen/production space, and a private restroom; Leased through 2028, providing immediate income
