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Property profile & analytics
OFF-MARKET
Investment properties

4741 12th NE Ave Seattle, WA 98105-4401

2,832 SF 0.07 ac lot Built 1907
Entity Owned 19-yr Hold Free & Clear
Property ID
US90-1017864
Property summary
AI-generated overview

This exceptional business opportunity is located in Seattle's vibrant University District at 4741 12th Avenue NE, on a 0.06-acre lot. The freestanding building offers approximately 2800 square feet of space, perfectly suited for a restaurant or similar food service establishment. The property boasts a fully equipped commercial kitchen, ready for immediate operation. Key features include a type one hood system, a walk-in cooler, and a walk-in refrigerator. Recent upgrades include a new ice maker, meat grinder, a specialized spicy hotpot cabinet, a six-burner stove, and a new air conditioning system. The spacious layout comfortably accommodates over 60 seats, providing ample room for diners. Benefiting from significant street traffic, this location presents a prime opportunity for an entrepreneur to launch their own unique culinary concept. This is an independent business, not a franchise, offering complete freedom and flexibility to establish a personalized brand and menu. The property is priced at $139,000, representing a compelling investment in a high-demand area. This turnkey operation eliminates the need for extensive renovations or equipment purchases, allowing for a swift and efficient start-up. The high volume of foot traffic in the University District ensures a strong potential customer base.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1907
Construction FRAME
Total area 2,832 SF
Lot 0.07 ac (3,000 SF)
Zoning code SM-U 75-240 (M1)
APN 674670-0990
UPID US90-1017864
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
  • Sichuan Hot Pot Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Amaan LLC · 19 yrs held
Amaan LLC
since 2007
7 recorded transactions
2007
Price N/A
2006
$540,000
2005
$519,000
1989
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
SM-U 75-240 (M1) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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