Individually Owned Property summary
The property is located on a corner lot in Seattle’s Central District, three blocks from Garfield High School and positioned between 23rd Avenue East and Martin Luther King Junior Way. It has historically operated as an Ethiopian restaurant and includes an existing restaurant and bar configuration. Zoning permits mixed-use development up to five stories, with potential for over 40 apartments or 6 to 8 townhomes, subject to applicable approvals and buyer confirmation. Alternative use possibilities include childcare facilities, adult family homes, or a church and community center. The site is approximately 2,310 square feet and is configured with existing fixtures, furniture, and equipment.
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The intent of this district is to promote neighborhood commercial activities, to support or encourage a small shopping area that provides primarily convenience retail sales and services to the adjoining residential neigh…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
NC1-55 (M) · Seattle, WAThe intent of this district is to promote neighborhood commercial activities, to support or encourage a small shopping area that provides primarily convenience retail sales and services to the adjoining residential neigh…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The intent of this district is to promote neighborhood commercial activities, to support or encourage a small shopping area that provides primarily convenience retail sales and services to the adjoining residential neigh…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for NC1-55(M) in Seattle, WA.
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