507 Northgate Way Unit Seattle, WA 98125

Property Details for 507 Northgate Way Unit

Property type

Investment properties

Description

This exceptional business opportunity presents a thriving Indian restaurant in Seattle's vibrant Northgate Shopping District. Established in 2000 and operating at its current location for over a decade, this highly successful eatery boasts a prime street-level space at the corner of 5th Ave NE and NE Northgate Way. The restaurant occupies over 3000 square feet and features a beautifully appointed bar, considered one of the finest in the city. The property benefits from convenient covered garage parking with direct access to the restaurant. Financial performance is outstanding, with current annual gross revenue exceeding $1,555,000. Further enhancing profitability, the restaurant generates significant additional income through catering services for weddings and special events, pushing annual gross revenue beyond $2,000,000. A new five-year lease is in place, including a five-year option, and the landlord is known for their cooperative approach. The interior layout is easily adaptable to suit a variety of restaurant concepts, offering significant flexibility for future owners. This is a rare chance to acquire a well-established, high-performing restaurant in a prime Seattle location. The property is offered at $780,000.