4741 12Th AveSeattle, WA 98105

Property Details for 4741 12Th Ave

Year built

1907

Construction

FRAME

Lot size

0.07 AC

Property size (Sq ft)

2,832 SF

Zone code

SM-U 75-240 (M1)

Property type

Investment properties

Property subtype

Live-work space

APN

674670-0990

APU

6746700990

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $767,864

  6.5%

  $708,798

  7%

  $658,169

• Comparable approach

  Method

  Valuation

  Relative Method

  $780,441

  Geo Method

  $545,387

• Alternative Use

  Use

  Valuation

  Residential

  $878,909

  Hospitality

  $805,076

  Educational

  $669,814

  Medical

  $692,850

  Retail

  $1,041,933

Location Insight

City

Seattle

County

King

State

Washington

Latitude

47.6643

Longitude

-122.316

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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