Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    33723 Redmond Fall City, WA 98024

    Sponsored
    For Sale
    $1,900,000

    Prime Restaurant Property, High Cap Rate

    Property size:
    5,872 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a thriving restaurant and tavern complex in the desirable Fall City, Washington market. Located in downtown Fall City along Highway 202 and directly across from the Snoqualmie River, this property boasts a total of 7,405 square feet on a 0.17-acre lot. The main building encompasses 5,872 square feet and includes two established businesses: a 1,100 square foot Riverside Tavern operating under a triple-net (NNN) lease with seven years remaining (lease expiration 9/30/2031), and a 4,203 square foot Fall City Bar & Grill, also under a NNN lease with five years remaining. Adding to the property's value is a 569 square foot, two-bedroom apartment located on the second floor. The property benefits from its location in an affluent and rapidly growing area of East King County, and the existing businesses are highly rated and well-established, contributing to a strong 6.32% capitalization rate. The asking price for this turnkey investment is $1,900,000. This is a rare chance to acquire a multi-faceted commercial property with significant income potential in a prime location. The property's strong tenant base and favorable lease terms provide a secure and profitable investment opportunity.

    Property Features for 33723 Redmond

    General Information

    Property type
    Restaurants
    Square Feet
    5,872 SF
    Lot Size
    7,405 SF

    HighLights

    • 7,405 SF lot (0.17 acres)
    • 5,872 SF building
    • 1,100 SF Riverside Tavern, NNN lease expiring 9/30/2031
    • 4,203 SF Fall City Bar & Grill, NNN lease with 5 years remaining
    • 569 SF two‑bedroom apartment
    • Prime downtown Fall City location on Highway 202, overlooking Snoqualmie River
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Building Supply Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Fall City
    County
    King
    State
    Washington
    Longitude
    -121.8789155
    Latitude
    47.5696074

    Nearby Comparable

    • $1,800,000
      5,872 SF

      Fall City Mixed-Use Investment Property

      Mixed-use property with established restaurants and apartment in Fall City.
      33723-33731 SE Redmond-Fall City Rd, Fall City, WA
      View Details
    • $3,180,140
      9,400 SF

      Snoqualmie Office/Warehouse Condominium Portfolio

      Four adjacent office/warehouse condos in Snoqualmie's Venture Commerce Center.
      8016 Bracken Pl Southeast, Snoqualmie, WA 98065
      View Details
    • $1,500,000
      4,453 SF

      Snoqualmie Office Building For Sale

      Office building with 4,453 square feet of space.
      35326-35332 Southeast Center St, Snoqualmie, WA 98065
      View Details
    • Contact for pricing
      5,300 SF

      Snoqualmie Restaurant Opportunity For Sale

      Turn-key restaurant with existing infrastructure and kitchen.
      38601 SE King St, Snoqualmie, WA 98065
      View Details
    • $3,000,000
      2,812 SF

      Updated Building Near Downtown Issaquah

      Updated building near I-90, suitable for various commercial purposes.
      26729 76Th Pl, Issaquah, WA 98027
      View Details
    • $1,250,000
      15,287 SF

      Confluence Building: Carnation, WA

      Downtown Carnation Mixed-Use Investment
      0 Tolt Ave, Carnation, WA 98014
      View Details
    • $2,100,000
      15,165 SF

      Two Carnation Commercial Properties

      Two adjacent buildings with retail and warehouse space for sale.
      4521 Tolt Ave, Carnation, WA 98014
      View Details
    • $495,000
      684 SF

      Top-Floor Condo with Mountain Views

      Modern condo with mountain views, park access, and garage.
      1970 SE 12Th Ct, North Bend, WA 98045
      View Details

    Nearby Similar for Sale

    • $1,800,000
      5,872 SF

      Fall City Restaurant and Tavern

      Restaurant, tavern, and apartment in downtown Fall City, WA.
      33723 SE Redmond-Fall City Rd, Fall City, WA 98024
      View Details
    • $1,800,000
      5,872 SF

      Fall City Mixed-Use Investment Property

      Mixed-use property with established restaurants and apartment in Fall City.
      33723-33731 SE Redmond-Fall City Rd, Fall City, WA
      View Details

    FAQs

    What type of property is this?
    Restaurant - Prime Restaurant Property, High Cap Rate
    Where is this restaurant located?
    The property is located at 33723 Redmond Fall City, WA.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: 7,405 SF lot (0.17 acres); 5,872 SF building; 1,100 SF Riverside Tavern, NNN lease expiring 9/30/2031
    Request Owner's contact information
    33723 Redmond Fall City, WA 98024
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    33723 Redmond
    Fall City, WA 98024
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    33723 Redmond Fall City, WA 98024
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.