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    2605 Cherry St, Unit Seattle Seattle, WA 98122

    For Sale
    $2,550,000

    Corner lot in Seattle's Central District with mixed-use development potential.

    Property size:
    2,310 SF

    Property Features for 2605 Cherry St

    General Information

    Standard status
    Active
    Size
    2,310 SF

    Building Details

    Year built
    1949

    Source: PEIZER COMMERCIAL REAL ESTATE, LLC Agent MARK PEIZER

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Seattle Corner Lot Restaurant Site

    Located on a corner lot in the Central District of Seattle, this property has operated for 30 years as an Ethiopian restaurant. The site is situated three blocks from Garfield High School and is equidistant from 23rd Avenue East and Martin Luther King Junior Way. The zoning allows for a mixed-use development of up to five stories, potentially accommodating over 40 apartments or 6 to 8 townhomes, subject to buyer confirmation. The existing restaurant and bar can continue operation during the planning phase for future development. Alternative uses for the site include childcare facilities, adult family homes, or a church and community center. The property size is 2310 square feet, and all fixtures, furniture, and equipment are included in the sale.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Meskel Restaurant Ethiopian Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    ESCA Catering, Cloud Nine Cold Drinks

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.2985596
    Latitude
    47.6078048

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    FAQs

    What type of property is this?
    Restaurant - Corner lot in Seattle's Central District with mixed-use development potential.
    Where is this restaurant located?
    The property is located at 2605 Cherry St, Unit Seattle Seattle, WA.
    What is the asking price?
    The asking price for this property is $2,550,000.
    What are key features of this property?
    This property features: - Prime corner lot location in Seattle's Central District.; - Excellent zoning allows for mixed-use development up to 5 stories.; - Opportunity to develop 40+ apartments or 6-8 townhomes (buyer to confirm).
    Request Owner's contact information
    2605 Cherry St, Unit Seattle Seattle, WA 98122
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    Seattle, WA 98122
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2605 Cherry St, Unit Seattle Seattle, WA 98122
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