Fully Furnished Restaurant
For Lease
$15,833/Mo
21 Mercer St, Seattle, WA 98109
Restaurant bar with two 12' Type 1 hood suppression systems, multiple levels of dining and gaming areas, and rear porch seating.
Property Size5,000 SF
Days on Market10
Property Features for 21 Mercer St
General Information
Standard status
Active
Size
5,000 SF
Total Parking Spaces
10
Property subtype
Commercial
Additional Details
Furnished
Yes
Commercial Hood
Yes
Amenities
central bar
five dining and gaming areas
cathedral ceilings with skylights
exterior porch
Building Details
Year Built
1936
Listing Agency:
PEIZER COMMERCIAL REAL ESTATE, LLC
(206) 909-3314
Listed By:
MARK PEIZER
Source:
Corcoran
Added: Jul 21
Changed: Jul 25
Last Checked: Jul 29 at 10:00AM
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 PEIZER COMMERCIAL REAL ESTATE, LLC
Investment Insights
Based on property information with market context.
This furnished restaurant bar features a central bar plus five distinct dining and gaming areas spread across different levels. The interior includes cathedral ceilings with skylights at the center of the space, supporting a more varied room-to-room layout than a typical single-level floorplan. The kitchen is equipped with two 12' Type 1 hood suppression systems.
The property is located at the base of Queen Anne Hill, about two blocks from Seattle Center. An exterior porch is located at the rear of the building, overlooking a 10-car private off-street parking lot.
Available for lease following the owners’ retirement after 35 years of operation at the location, this space offers an immediately usable setup for operators looking for an established restaurant-and-bar configuration.
The property is located at the base of Queen Anne Hill, about two blocks from Seattle Center. An exterior porch is located at the rear of the building, overlooking a 10-car private off-street parking lot.
Available for lease following the owners’ retirement after 35 years of operation at the location, this space offers an immediately usable setup for operators looking for an established restaurant-and-bar configuration.
Key Highlights
- Restaurant/bar built in 1936 with multiple dining and gaming areas across different levels
- Includes 2 12' Type 1 hood suppression systems
- Central bar plus five distinct dining and gaming areas
Property Analytics
Current Use
Lease Details
Yes
Commercial hood
NNN (Triple Net)
Lease Type
$5.70 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
3,931
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 98109, WA
34,551
Population
23,162
Households
1.5
Avg Household Size
32
Median Age
78%
College-Educated
98%
High-School Grad
1.9 sq mi
ZIP Area
18,185
Density / Sq Mi
$130,845
Median Household Income
$104,202
Median Earnings
$2,329
Median Rent
$986,000
Median Home Value
Market
Lease Benchmarks for Seattle, WA
$37 /SF/Yr
Avg Asking Price
$25–$45 /SF/Yr
Price Range
2,124 SF
Avg Space Size
This space is priced 3% above the average of $37 /SF/Yr.
Vacancy Rate% for Retail in Seattle, WA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bar & Pub - Restaurant bar with two 12' Type 1 hood suppression systems, multiple levels of dining and gaming areas, and rear porch seating.
Where is this bar & pub located?
The property is located at 21 Mercer St Seattle, WA.
What is the lease rate?
The lease rate is $15,833 /Mo.
What are key features of this property?
This property features: Restaurant/bar built in 1936 with multiple dining and gaming areas across different levels; Includes 2 12' Type 1 hood suppression systems; Central bar plus five distinct dining and gaming areas
