351 Park N Ave, Renton, WA 98057-5716
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CA · Renton, WARenton. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.