Property profile

109 Main St Edmonds, WA 98020

FOR SALE
Turn key restaurants
Property ID
US90-0723770
3,576 SF 0.08 ac lot Built 1984
Entity Owned 18-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Employment Agency
  • Restaurant

Location

109 Main St Edmonds, WA 98020
Edmonds metro Census 50501 SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$285k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$285k

Owner & transaction history

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

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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