$1,500,000
( )
 $8,052 est/mo Sourced by Back At You

2801 E Madison Street , Seattle, WA 98112

Seattle, WA 98112

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Description

Stand alone restaurant building for sale with long-term tenant, Jae's Asian Bistro & Sushi, in the coveted Madison Valley neighborhood. 1st time on the market in over 45 years. The 2,015 SF building features tall ceilings, 2 private restrooms, mini-split A/C, indoor seating in dining room and at sushi bar plus outdoor seating on back patio. Located in the heart of Madison Valley, and at a signalized intersection, this property has 40 Ft of street frontage along E. Madison St. The street-to-street 4,000 SF lot is zoned NC2P-55(M). Single tenant has a single-net lease until 11/30/2029 with no options to extend. The Landlord is responsible for property taxes and insurance. Landlord has a Right to Terminate if the property is redeveloped.

Details

MLS#2288670
Listing TypeFor Sale
StyleCommercial
Sub-TypeResale
StatusPending
Year1905
Days On Site49
Listing Provided ByWindermere Real Estate Midtown | Lauren Hendricks

Features

Units1
Acreage0.09

Market Activity 98112

 The three trees icon appears on listings courtesy of NWMLS.

 Listings courtesy of NWMLS as distributed by MLS GRID.

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Learn More About This Property

StateWA
CountyKing
CitySeattle
Zip Code98112
Area390 Central Seattle
Community NameMadison Valley
Listing VS Median (in Madison Valley)
Price:
$1,500,000
low | high
Med:
$772,450
98.503333333333% of Average
On Site:
49
low | high
Med:
96.000000
51.041666666667% of Average
Sourced by Back At You
Listing Updated: October 23, 2024 at 3:52:34 PM PDT