2324 1St Ave Seattle, WA 98121
High-end Thai fusion, strong NOI.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 138
Highlights
- $2,300,000 asking price for a Class A, 4,918 square foot retail restaurant in Seattle, WA.
- Modified lease with a 3.6-year remaining term (expiring 7/1/2028), commencing 8/1/2023.
- 6.33% cap rate, 7.80% pro-forma cap rate, with a $145,662 NOI and $179,499 pro-forma NOI.
- Located at 2324 1st Ave, R102 + R104, Seattle, WA 98121, in the Belltown neighborhood.
- Fully renovated in 2024, featuring a full kitchen, bar, walk-in cooler, Type 1 hood, and sidewalk seating.
- Tenanted by Kalabaw, a modern Thai fusion restaurant.
Property Details for 2324 1St Ave
- Property type
- Retail properties, Restaurants
- Square Feet
- 4,918 SF
- Class
- A
- Year Built/Renovated
- 1908/1990
- Units
- 2
Location Insight
- City
- Seattle
- County
- King
- State
- Washington
- Latitude
- 47.61394764201
- Longitude
- -122.34751311858
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-end Thai fusion, strong NOI.
- Where is the retail property located?
- The property is located at 2324 1St Ave Seattle, WA.
- What is the asking price?
- The asking price for this property is $2,300,000.
- What are key features of this property?
- This property features: $2,300,000 asking price for a Class A, 4,918 square foot retail restaurant in Seattle, WA.; Modified lease with a 3.6-year remaining term (expiring 7/1/2028), commencing 8/1/2023.; 6.33% cap rate, 7.80% pro-forma cap rate, with a $145,662 NOI and $179,499 pro-forma NOI.
- How can I contact the broker?
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