Retail Restaurant Bar
23025 100th Ave W Edmonds, WA 98020
23025 100th Ave W, Edmonds, WA, 98020
$1,950,000
For Sale
$1,950,000
Retail/restaurant bar property built in 1966, zoned Westgate Mixed-Use (WMU) in Edmonds, WA.
Property Size4,607 SF
Lot Size0.34 Acres
Price / SF$423.27
Days on Market62
Property Features for 23025 100th Ave W
General Information
- Standard status
- Active
- Size
- 4,607 SF
- Lot size
- 0.34 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1966
Listing agency
NAI PUGET SOUND PROPERTIES
(425) 652-1722
Listed by
BLAKE STEDMAN · License #WA2495
Source
Corcoran
Added: May 22 Updated: Jul 22 at 5:40PM Checked: Jul 22 at 5:40PM
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 NAI PUGET SOUND PROPERTIES
Investment Insights
Based on property information with market context.
This for-sale property is a retail/restaurant bar use with a building constructed in 1966. The site includes a 4,607 SF building on a 14,810 SF lot, supporting a mixed retail and food-and-beverage concept under the property’s existing use.
Zoned Westgate Mixed-Use (WMU), the property is located at 23025 100th Ave W in Edmonds, WA 98020. Please do not approach the tenant without the listing broker in attendance.
Zoned Westgate Mixed-Use (WMU), the property is located at 23025 100th Ave W in Edmonds, WA 98020. Please do not approach the tenant without the listing broker in attendance.
Key Highlights
- Retail/restaurant bar property built in 1966
- Zoned Westgate Mixed‑Use (WMU)
- 4,607 SF retail/restaurant bar (RBA)
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 | $101.2k | $21.96 |
| − Vacancy | −$5.6k | −$1.21 |
| EGI | $95.6k | $20.75 |
| − OpEx | −$23.9k | −$5.19 |
| NOI | $71.7k | $15.56 |
4,607 SF · lease $21.96/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.02M
$896.3K – $1.20M
NOI $71,704 @ 7.0% cap · market cap 3.68%
Second Best
Retail
$927.4K
$811.5K – $1.08M
NOI $64,921 @ 7.0% cap · market cap 3.33%
Theoretical Best
Office A
$1.28M
$1.12M – $1.50M
NOI $89,937 @ 7.0% cap · market cap 4.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Chopsticks
Restaurant
Similar For Sale Nearby
Similar Off Market Nearby
- Edway Tap House — 22811 100th Ave W, Edmonds, WA 98020
- Starbucks — 22828 100th Ave W, Edmonds, WA 98020
- sdf — 650 Edmonds Way, Edmonds, WA 98020
FAQs
What type of property is this?
Bar & Pub - Retail/restaurant bar property built in 1966, zoned Westgate Mixed-Use (WMU) in Edmonds, WA.
Where is this bar & pub located?
The property is located at 23025 100th Ave W Edmonds, WA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Retail/restaurant bar property built in 1966; Zoned Westgate Mixed‑Use (WMU); 4,607 SF retail/restaurant bar (RBA)
