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1st Floor - Unit 2245
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Retail
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1,161 SF
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$765,000 USD
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Unit Size: 1,161 SF
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Condo Use: Retail
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Price: $765,000 USD
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Sale Type: Investment
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Price/SF: $658.91 USD
Description
Stunning retail condo unit with high foot traffic and corner exposure on a busy thoroughfare. This unit is built out as a coffee house and it has had a successful coffee house operation located in it since 2007 when the building was opened. It has a high end build out with walnut cabinetry and built-in bench seating. Huge sliding windows for an open-air feel during the summer months. Central A/C. This unit was built out to operate as a coffeehouse, but could also easily convert to a wine bar or other restaurant type of establishment. It has a concrete ventilation shaft to the roof which allows for a hood. Amazing corner location on a Main street and major bus route. Eastlake is one of Seattle's most prestigious and high density neighborhoods. One deeded covered parking space is included in the sale.
Sale Notes
This is a direct owner sale with the sale to be handled by an escrow and real estate attorney. No agents please. The unit has 4 years left on the lease. No extensions. After that, the unit is free to be owner occupied or leased out again. The current tenant, Eastlake Coffee & Cafe, is eager to sign another five year lease with the new buyer if the buyer so chooses. Tenant is paying $3,275/month base rent, plus $723/month HOA dues, and $361/month property taxes. Please do not disturb the tenants. I am happy to schedule a walk-thru anytime for a thorough viewing. I can send a copy of the current tenant lease in place upon receiving an NDA. Please contact me to set this up.
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