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Property profile & analytics
FOR SALE
Turn key restaurants

109 Main St Edmonds, WA 98020

3,576 SF 0.08 ac lot Built 1984
Entity Owned 18-yr Hold ~ Est. High Equity
Property ID
US90-0723770
Property summary
AI-generated overview

This exceptional restaurant property, located at 109 Main Street in the heart of downtown Edmonds, Washington, presents a unique investment opportunity. The 3,576 square foot building sits on a ±3,485 square foot (0.08-acre) parcel and boasts a prime location with high visibility. Zoned BC by the City of Edmonds, this property benefits from strong area demographics and proximity to key amenities. The Edmonds/Kingston ferry terminal is nearby, and the location offers convenient walking distance to a variety of retail shops, residential areas, and financial institutions. Enjoy panoramic views of the Olympic Mountains and Puget Sound. The property includes five onsite parking stalls, a significant advantage in this vibrant downtown area. Currently housing two long-term tenants, a detailed rent roll is available upon request. The asking price for this exceptional property is $2,195,000. This is a rare chance to acquire a well-established restaurant in a thriving downtown location with stunning views and excellent access to transportation and amenities. Don't miss this opportunity to own a piece of Edmonds' vibrant culinary scene.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1984
Construction WOOD
Total area 3,576 SF
Lot 0.08 ac (3,485 SF)
Zoning code E0
APN 434401201201
UPID US90-0723770
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
  • MySource Consulting Employment Agency
  • Calypso Edmonds Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Ossenx LLC · 18 yrs held
Ossenx LLC
since 2008
5 recorded transactions
2019
Price N/A
2008
Price N/A
2004
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
E0 · Edmonds, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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