1010 66Th St Seattle, WA 98115
- Commercial real estate
- 2,750 SF
Current Use by Public Records
- Ông Lắm Bistro / Restaurant / Vietnamese Restaurant
Property Details for 1010 66Th St
- Year built
- 2022
- Property size
- 2,750 SF
- Property type
- Commercial real estate
Description
This thriving Vietnamese restaurant in Seattle's vibrant Roosevelt neighborhood presents a rare investment opportunity. Built in 2022, this 2,750 square foot establishment boasts a strong track record, generating an annual gross income of $1,054,000 and a net operating income (NOI) of $167,000. The restaurant benefits from a prime location near the Roosevelt Light Rail station, ensuring high visibility and convenient access for customers. The lease is a NNN agreement with a remaining term of 7.5 years, expiring May 31, 2032. The property includes 8 parking spaces. The fully equipped kitchen and efficient layout make this a truly turnkey operation, ready for immediate success. The restaurant's modern twist on authentic Vietnamese cuisine has cultivated a loyal customer base and consistently high online ratings. This is an exceptional opportunity to acquire a well-established, profitable business in a desirable Seattle location. Note that the trade name is not included in the sale. The asking price is $599,000, representing a price per square foot of $217.82.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Seattle
- County
- King
- State
- Washington
- Longitude
- -122.317
- Latitude
- 47.6766
