1001 Pine StSeattle, WA 98122

Property Details for 1001 Pine St

Year built

1988

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.37 AC

Property size (Sq ft)

2,207 SF

Zone code

NC3P-75 (M)

Property type

Retail properties

Property subtype

Drive through restaurants

APN

600350-0365

APU

6003500365

Description

This exceptional investment opportunity presents a rare chance to lease a well-established drive-thru restaurant in the heart of Capitol Hill. Located at the highly visible corner of E. Pine St. and 10th Ave., this single-tenant property boasts 2,281 square feet on a 0.37-acre lot. Built in 1988, the one-story building features a Type 1 hood and existing second-generation restaurant infrastructure, significantly reducing initial setup costs for a new operator. The property benefits from its proximity to Cal Anderson Park and Bobby Morris Playfield, providing high foot and vehicle traffic. A large public parking lot adjacent to the property further enhances accessibility and convenience for customers. The NC3P-75(M) zoning in King County ensures flexibility for various food service operations. This established location offers immediate revenue potential and a strong foundation for future growth within a vibrant and densely populated neighborhood. The property's strategic location and existing infrastructure make it an ideal acquisition for experienced restaurateurs seeking a turnkey operation in a desirable urban setting. The single-tenant occupancy simplifies management and provides a clear revenue stream.

• CAP approach

  CAP return

  Valuation

  6%

  $877,913

  6.5%

  $810,381

  7%

  $752,497

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,491,431

  Geo Method

  $1,071,061

• Alternative Use

  Use

  Valuation

  Residential

  $683,587

  Hospitality

  $626,162

  Educational

  $520,959

  Medical

  $538,876

  Retail

  $810,381

Location Insight

City

Seattle

County

King

State

Washington

Latitude

47.615

Longitude

-122.319

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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