Downtown Restaurant With
249 Main St Monroe, WA 98272
For Sale
$1,299,999
Turnkey restaurant with a full kitchen, hood, walk-in freezer, bar, and seating for up to 91 guests.
Property Size2,870 SF
Price / SF$452.96
Days on Market59
Property Features for 249 Main St
General Information
- Standard status
- Active
- Size
- 2,870 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1920
Listing Agency:
JOHN L. SCOTT - RENTON
(425) 227-9200
Listed By:
KEVIN KSOR
Source:
Corcoran
Added: May 27
Changed: Jul 23
Last Checked: Jul 23 at 4:16PM
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 - RENTON
Investment Insights
Based on property information with market context.
A well-established restaurant opportunity currently operating as a Vietnamese restaurant, offered as both real estate and an approximately 2,870-square-foot restaurant space. The interior is equipped and laid out for day-to-day service, including a type-1 hood kitchen, walk-in freezer, bar area, and functional dining layout designed to support efficient operations.
The property is located in the heart of downtown Monroe, with visibility and steady foot traffic. The space is described as accommodating up to 91 guests and includes 2 separate bathrooms, making it suited for both regular dining and private events.
A practical consideration for operators, the configuration includes the core back-of-house and guest amenities needed to run the business immediately, with the marketing remarks indicating flexibility to adapt to other restaurant concepts.
The property is located in the heart of downtown Monroe, with visibility and steady foot traffic. The space is described as accommodating up to 91 guests and includes 2 separate bathrooms, making it suited for both regular dining and private events.
A practical consideration for operators, the configuration includes the core back-of-house and guest amenities needed to run the business immediately, with the marketing remarks indicating flexibility to adapt to other restaurant concepts.
Key Highlights
- Downtown Monroe restaurant space with visibility and steady foot traffic
- Restaurant built in 1920
- Full kitchen with type‑1 hood and walk‑in freezer
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 | $63.0k | $21.96 |
| − Vacancy | −$3.5k | −$1.21 |
| EGI | $59.6k | $20.75 |
| − OpEx | −$14.9k | −$5.19 |
| NOI | $44.7k | $15.56 |
2,870 SF · lease $21.96/SF/yr · vacancy 5.50% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Saigon Kitchen
Restaurant
Cascade Hearing Aid ...
Hearing Aid Store
Randall Zavales
Physician
FAQs
What type of property is this?
Conventional restaurant - Turnkey restaurant with a full kitchen, hood, walk-in freezer, bar, and seating for up to 91 guests.
Where is this conventional restaurant located?
The property is located at 249 Main St 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: Downtown Monroe restaurant space with visibility and steady foot traffic; Restaurant built in 1920; Full kitchen with type‑1 hood and walk‑in freezer
