Property profile

123 Main St Seattle, WA 98101

OFF-MARKET
Commercial real estate
2,800 SF
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Property summary

AI-generated overview

This thriving Seattle bakery and catering business, operating for over 20 years, presents a unique opportunity for acquisition. Located at 123 Main Street, Seattle, WA 98101, in King County, this 2,800 square foot establishment boasts a loyal clientele, including major Seattle tech companies. The business includes a retail cafe, providing a diverse revenue stream. On-site parking is available for customers and staff. The sale includes a branded delivery van, streamlining operations and expanding reach. Financial records reveal a strong profit of $310,000 annually, with an owner's salary of $90,000. The current lease is favorable, and payroll is manageable, contributing to the business's overall profitability and stability. The owner is retiring and relocating out of state, creating this exceptional opportunity for a new owner to step in and continue the legacy of this well-established business. This is an ideal acquisition for experienced bakers and caterers seeking a turnkey operation with significant growth potential. The business is categorized as "Business Only," and the asking price is $1,500,000.

Property profile

Verified
Property type Commercial real estate
Total area 2,800 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Counselor
  • Spa & Massage Center Alternative Medicine Practice
  • Restaurant

Location

123 Main St Seattle, WA 98101
Seattle metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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