For Sale
$599,000

1010 66Th St Seattle, WA 98115

Turnkey Restaurant, High NOI, Excellent Location

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This thriving Vietnamese restaurant in Seattle's vibrant Roosevelt neighborhood presents a rare investment opportunity. Built in 2022, this 2,750 square foot establishment boasts a strong track record, generating an annual gross income of $1,054,000 and a net operating income (NOI) of $167,000. The restaurant benefits from a prime location near the Roosevelt Light Rail station, ensuring high visibility and convenient access for customers. The lease is a NNN agreement with a remaining term of 7.5 years, expiring May 31, 2032. The property includes 8 parking spaces. The fully equipped kitchen and efficient layout make this a truly turnkey operation, ready for immediate success. The restaurant's modern twist on authentic Vietnamese cuisine has cultivated a loyal customer base and consistently high online ratings. This is an exceptional opportunity to acquire a well-established, profitable business in a desirable Seattle location. Note that the trade name is not included in the sale. The asking price is $599,000, representing a price per square foot of $217.82.

Highlights

  • High-performing Vietnamese restaurant generating $1,054,000 annual gross income.
  • 2,750 square foot space built in 2022 with a $599,000 asking price ($217.82/SF).
  • Prime Roosevelt neighborhood location near the Light Rail, offering high visibility and accessibility.
  • NNN lease with 7.5 years remaining (expires May 31, 2032), and includes 8 parking spaces.
  • $167,000 net operating income (NOI).

Property Details for 1010 66Th St

Property type
Commercial real estate
Square Feet
2,750 SF
Year Built
2022

Location Insight

City
Seattle
County
King
State
Washington
Latitude
47.676554311466
Longitude
-122.31673515745

FAQs

What type of property is this?
Commercial real estate - Turnkey Restaurant, High NOI, Excellent Location
Where is the commercial real estate located?
The property is located at 1010 66Th St Seattle, WA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: High-performing Vietnamese restaurant generating $1,054,000 annual gross income.; 2,750 square foot space built in 2022 with a $599,000 asking price ($217.82/SF).; Prime Roosevelt neighborhood location near the Light Rail, offering high visibility and accessibility.
How can I contact the broker?
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1010 66Th St
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