Ballard Restaurant with Event
6415 32nd Ave NW Seattle, WA 98112
For Sale
Contact for pricing
Established Italian restaurant with land, building, and event space.
Property Size12,800 SF
Lot Size0.22 Acres
Price / SF$386.72
Days on Market344
Property Features for 6415 32nd Ave NW
General Information
- Standard status
- Active
- Size
- 12,800 SF
- Lot size
- 0.22 Acres
- Property subtype
- RETAIL
Listing Agency:
RE/MAX Extra, Inc.
(253) 307-0784
Listed By:
Don Goethals · License #3172
(253) 307-0784
Source:
Moodyscre
Added: Aug 18, 2025
Changed: Jul 6
Last Checked: Jul 21 at 6:58AM
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 RE/MAX Extra, Inc.
Investment Insights
Based on property information with market context.
This property presents a prime opportunity in Ballard, featuring the established Ristorante Picolinos. The sale includes both the land and the building, encompassing over 12,000 square feet. Currently operating as an Italian restaurant, the property also incorporates a full bar, cafe, coffee shop, and bakery. Its corner location provides high visibility. The cafe operates from 5 AM to 5 PM, while the restaurant serves patrons from 4:30 PM to 9 PM, both demonstrating strong and repeat business. The bakery offers fresh items daily. The property includes multiple indoor and outdoor spaces, presenting significant potential for event catering, including weddings. The existing business has impressive financials.
Key Highlights
- Land and building included in the sale of this established restaurant.
- High‑visibility corner location in the heart of Ballard.
- Multiple revenue streams: restaurant, full bar, cafe, coffee shop, and bakery.
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 | $294.9k | $23.04 |
| − Vacancy | −$7.4k | −$0.58 |
| EGI | $287.5k | $22.46 |
| − OpEx | −$71.9k | −$5.62 |
| NOI | $215.7k | $16.85 |
12,800 SF · lease $23.04/SF/yr · vacancy 2.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$3.08M
$2.70M – $3.59M
NOI $215,654 @ 7.0% cap · market cap 4.36%
Second Best
Retail
$2.73M
$2.39M – $3.18M
NOI $190,859 @ 7.0% cap · market cap 3.86%
Theoretical Best
Office A
$3.85M
$3.37M – $4.49M
NOI $269,564 @ 7.0% cap · market cap 5.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Ristorante Picolinos
Restaurant
Pico Cafe and Bakery
Cafe & Coffee Shop
Similar Off Market Nearby
- Hood Famous Bakeshop — 2325½, NW Market St, Seattle, WA 98107
- Silver Spork — 2044 NW Market St, Seattle, WA 98107
- Alison's Coastal Catering — 3005 NW Locks Pl, Seattle, WA 98107
- Sirius Pasta — 5323 Ballard Ave NW, Seattle, WA 98107
- Matador Ballard — 5410 Ballard Ave NW, Seattle, WA 98107
FAQs
What type of property is this?
Restaurant - Established Italian restaurant with land, building, and event space.
Where is this restaurant located?
The property is located at 6415 32nd Ave NW Seattle, WA.
What is the asking price?
The asking price for this property is $4,950,000.
What are key features of this property?
This property features: Land and building included in the sale of this established restaurant.; **High‑visibility corner location** in the heart of Ballard.; Multiple revenue streams: restaurant, full bar, cafe, coffee shop, and bakery.
