Equipped Conventional
For Sale
$1,299,999
249 East Main Street, Monroe, WA 98272
Restaurant space includes a Type-1 hood, walk-in freezer, bar, and two separate bathrooms.
Property Size2,870 SF
Price / SF$452.96
Days on Market185
Property Features for 249 East Main Street
General Information
Standard status
Active
Size
2,870 SF
Property subtype
Commercial
Restaurant
Seating Capacity
91
Hood Type
Type I
Commercial Hood
Yes
Additional Details
Business Included
Yes
Building Details
Year Built
1900
Listing Agency:
John L. Scott,Inc
Listed By:
Kevin Ksor
(425) 227-9200
Source:
Century21northhomes
Added: Apr 9
Changed: Oct 10
Last Checked: Oct 10 at 1:05AM
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 John L. Scott,Inc
Investment Insights
Based on property information with market context.
This 2,870-square-foot conventional restaurant is located at 249 E Main St in downtown Monroe. The space accommodates up to 91 guests and includes a dining area, fully equipped kitchen, Type-1 hood, walk-in freezer, bar, and two separate bathrooms.
Currently operating as a Vietnamese restaurant, the property offers an established restaurant layout with dedicated customer and service areas. Its downtown setting and existing restaurant improvements support continued food-service use, subject to applicable requirements.
Currently operating as a Vietnamese restaurant, the property offers an established restaurant layout with dedicated customer and service areas. Its downtown setting and existing restaurant improvements support continued food-service use, subject to applicable requirements.
Key Highlights
- 2,870‑square‑foot restaurant space at 249 E Main St, Monroe, WA 98272
- Accommodates up to 91 guests
- Fully equipped kitchen with Type‑1 hood
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,669
Cap Rate
3.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$893,380
$893.4K
Cap Rate 7%
$638,129
$638.1K
Cap Rate 9%
$496,322
$496.3K
Market Conditions
NOI Build-Up for 2,870 SF
Gross rent
$63.0K $21.96/SF
− Vacancy
−$3.5K −$1.21/SF
EGI
$59.6K $20.75/SF
− OpEx
−$14.9K −$5.19/SF
NOI
$44.7K $15.56/SF
Area
Snohomish County, WA
Vacancy
5.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$893,380
Cap Rate 7%
$638,129
Cap Rate 9%
$496,322
Alternative Uses
Best Use
Specialty Retail
$638.1K
$558.4K – $744.5K
NOI $44,669 @ 7.0% cap · market cap 3.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$800.4K
$700.4K – $933.8K
NOI $56,028 @ 7.0% cap · market cap 4.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
1,340
Businesses Nearby
401k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 38%
Shops & Services 30%
Groceries 16%
Home Improvements & Furnishings 11%
Safeway
Groceries
50,406 visits/mo
0.2 miles
McDonald's
Dining
42,737 visits/mo
0.1 miles
Lowe's
Home Improvements & Furnishings
32,607 visits/mo
0.4 miles
Dollar Tree
Shops & Services
23,138 visits/mo
0.3 miles
Taco Bell
Dining
20,638 visits/mo
0.4 miles
Demographics for 98272, WA
31,127
Population
10,313
Households
3
Avg Household Size
38
Median Age
29%
College-Educated
92%
High-School Grad
106.3 sq mi
ZIP Area
293
Density / Sq Mi
$115,894
Median Household Income
$51,879
Median Earnings
$1,902
Median Rent
$638,300
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant space includes a Type-1 hood, walk-in freezer, bar, and two separate bathrooms.
Where is this conventional restaurant located?
The property is located at 249 East Main Street Monroe, WA.
What is the asking price?
The asking price for this property is $1,299,999.
What are key features of this property?
This property features: 2,870‑square‑foot restaurant space at 249 E Main St, Monroe, WA 98272; Accommodates up to 91 guests; Fully equipped kitchen with Type‑1 hood
