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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

33723 Redmond Fall City, WA 98024

5,872 SF 0.17 ac lot
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Retail properties & Spaces
Total area 5,872 SF
Lot 0.17 ac (7,405 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Isalis (Bike/Boat/Book/etc) Store
  • Party City Party Supply Store (Bike/Boat/Book/etc) Store
  • Skunk Funk Big Box & Wholesale Store
  • Carl's Trading Co Hat Shop
  • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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