1234 Sodo Area Seattle, WA 98134
- Commercial real estate
- 3,400 SF
Current Use by Public Records
- Commercial real estate
Property Details for 1234 Sodo Area
- Property size
- 3,400 SF
- Property type
- Commercial real estate
Description
This exceptional turnkey restaurant in Seattle's vibrant SODO area presents a lucrative investment opportunity. Boasting 3,400 square feet of well-appointed space, this established business is offered at $800,000 with a remarkable 25% capitalization rate. Built in 2022, the restaurant features a large, inviting patio, perfect for outdoor dining and expanding seating capacity during peak seasons. A large TV screen adds to the ambiance and potential for entertainment. The property's strong financial performance is evident in its impressive $200,000 Net Operating Income (NOI) generated from a total revenue of $1,400,000. Located at 1234 in the SODO area of Seattle, Washington (zip code 98134), this business benefits from high visibility and accessibility within King County. The asking price of $800,000 translates to $235.29 per square foot, reflecting the value and potential of this established and profitable restaurant. This is a rare chance to acquire a thriving business with significant upside potential in a desirable Seattle location. All financial information is available upon request.
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
- -122.341
- Latitude
- 47.5839
