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Furnished Restaurant & Bar Space
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21 Mercer St, Seattle, WA 98109

Fully furnished restaurant and bar with two 12' Type 1 hood suppression systems and multiple dining areas.

Space Size5,000 SF
Days on Market105

Property Features for 21 Mercer St

General Information

Standard status Active
Size 5,000 SF
Total Parking Spaces 10
Property subtype RETAIL
Lease Type NNN

Site & Location

Neighborhood Lower Queen Anne

Additional Details

Furnished Yes
Commercial Hood Yes

Amenities

exterior porch
cathedral ceilings with skylights

Spaces For Lease

at 21 Mercer St
Former Restaurant & Bar - Queen Anne Hill $38/SF/Yr
Size 5,000 SF
Type RETAIL
Lease Type NNN
Availability AVAILABLE, Now
After 35 years of operations at this location, the Owners of T.S. McHughs have retired and vacated this iconic location at the base of Queen Anne Hill which is only two blocks from the Seattle Center (Space Needle, Climate Pledge Arena, Opera House, Chihuly's Glass Museum, Science Center, World Fair's Fountain, etc.) The synergy of this neighborhood is unmatched as it is a designated Arts & Culture hub of Seattle. This is a fully furnished restaurant & bar including 2 12' Type 1 hood suppression systems. In addition to a central bar, there are five (5) distinct dining and gaming areas on different levels giving the space some attractive modulation including cathedral ceilings with skylights in center of space. There is an exterior porch in rear of building overlooking a precious and valuable 10-car private off-street parking lot. This space is now available for the first time in over three decades!
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Listing Agency: Peizer Commercial Real Estate, LLC
Listed By: Mark Peizer
Source: Moodyscre
Added: Jul 20 Changed: Oct 25 Last Checked: Nov 1 at 9:32AM

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

Rey
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Investment Insights

Based on property information with market context.

This fully furnished restaurant and bar is available for the first time in over three decades. The space includes a central bar, five distinct dining and gaming areas spread across different levels, and cathedral ceilings with skylights centered within the main space. The kitchen is equipped with two 12' Type 1 hood suppression systems.

The property is located at the base of Queen Anne Hill, approximately two blocks from Seattle Center. An exterior rear porch overlooks a private 10-car off-street parking lot.

Key Highlights

  • Fully furnished restaurant and bar space available at the base of Queen Anne Hill, two blocks from Seattle Center
  • Includes two 12' Type 1 hood suppression systems
  • Features a central bar plus five distinct dining and gaming areas on different levels

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Dr. James Collyer Physician Mortise Set Seattle Hardware & Home Improvement T.S. McHugh's Bar & Pub Great Clips Hair Salon

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Electrical Service Florist Butcher Veterinary Clinic Mobile Phone Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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
Under-served
Demand for This Use

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Seattle, WA

4.5% 2019
4.4% 2020
3.9% 2021
3.6% 2022
3.8% 2023
4.7% 2024
5.7% 2025

Frequently Asked Questions

What type of property is this?
Conventional restaurant - Fully furnished restaurant and bar with two 12' Type 1 hood suppression systems and multiple dining areas.
Where is this conventional restaurant located?
The property is located at 21 Mercer St Seattle, WA.
What is the lease rate?
The lease rate is $38 SF/Yr.
What are key features of this property?
This property features: Fully furnished restaurant and bar space available at the base of Queen Anne Hill, two blocks from Seattle Center; Includes two 12' Type 1 hood suppression systems; Features a central bar plus five distinct dining and gaming areas on different levels
(206) 909-3314 · Office Call to check price and availability
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