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    OFF-MARKET
    Turn key restaurants

    351 Park N Ave, Renton, WA 98057-5716

    2,630 SF 0.34 ac lot Built 1958
    Entity Owned 16-yr Hold ~ Est. High Equity
    Property ID
    US90-1378819
    Property summary
    AI-generated overview

    This exceptional commercial property, situated at 351 Park Avenue North in Renton, Washington, presents a unique investment opportunity. Spanning 0.34 acres, the building boasts a highly desirable location just blocks from The Landing, Topgolf, Boeing facilities, and several parks. Easy freeway access and on-site parking add to its appeal. Previously home to a popular local establishment, the Hop Garden, the property retains many attractive features ideal for a variety of businesses. The interior includes a spacious dance floor, ample dining seating, a well-equipped bar with substantial seating, a full kitchen with gas appliances and a walk-in cooler, and a cozy fireplace. Large windows provide abundant natural light. The covered outdoor patio, a key feature, creates a welcoming atmosphere perfect for various events and gatherings. Its previous use as a dog-friendly establishment highlights its potential to attract a broad customer base. The property's prime location, combined with its versatile layout and existing amenities, makes it an excellent choice for entrepreneurs seeking a thriving business environment in a vibrant community. The asking price is $1,550,000.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1958
    Construction WOOD
    Total area 2,630 SF
    Lot 0.34 ac (15,000 SF)
    Zoning code CA
    APN 722400-0475
    UPID US90-1378819
    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
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Owner & transaction history
    Norgel LLC · 16 yrs held
    Norgel LLC
    since 2009
    7 recorded transactions
    2018
    2016
    2009
    $390,000
    1997
    1969
    1969
    1969
    Zoning & alternative use
    CA · Renton, WA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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