2801 E Madison Street , Seattle, WA 98112
Seattle, WA 98112
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 Type | For Sale |
| Style | Commercial |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1905 |
| Days On Site | 22 |
| Listing Provided By | Windermere Real Estate Midtown | Lauren Hendricks |
Features
| Units | 1 |
|---|---|
| Acreage | 0.09 |
Market Activity 98112
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Learn More About This Property
| State | WA |
|---|---|
| County | King |
| City | Seattle |
| Zip Code | 98112 |
| Area | 390 Central Seattle |
| Community Name | Madison Valley |
| Listing VS Median (in Madison Valley) | |
Price: $1,500,000 low | high Med: $999,000 On Site: 22 low | high Med: 110.000000 | |