10231 16th Ave SW $850,000

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    10231 16th Ave SW Seattle, WA 98146

    • 0.22 Acres
    • Commercial/Industrial
    Listing# 1366490 | Pending

    $850,000

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    Days On Market: 329 1 Views
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    Property Details

    Turn-key restaurant on bustling 16th Ave in SW Seattle. This site currently has an existing 2575 sqft retail/restaurant space generating about 345K per year. The surrounding neighborhood includes a new Starbucks, new construction row homes & a growing number of small businesses & restaurants. This location is also shadow-anchored by McLendons Hardware across the street. Special overlay (CB-SO) zoning w/potential for restaurant, retail, catering, commissary, etc. - Buyer to verify.

    • General Features
      • County King
      • Zoning Class Commercial, Retail
      • Zoning Jurisdiction County
      • Style 75-Retail
      • Approx Building SqFt 2,575
      • Approx Whse/Mfg SqFt 0
      • Approx Office SqFt 0
      • Total Uncovered Parking 0
      • Total Covered Parking 0
    • Building Features
      • Foundation Poured Concrete
      • Roof Flat
      • Floor Covering Ceramic Tile, Vinyl, Wall-to-Wall Carpet
      • Features Signage Included
      • Heating and Cooling Forced Air
    • Property Features
      • Lot Square Footage 9,500
      • Depth of Lot 0
      • Site Frontage 150
      • Environment Survey N
      • Water-Sewer-Garbage 0
      • Sewer Sewer Connected
      • Energy Source Electric, Natural Gas
      • Number of Available Pads 0
    • Financials
      • Free and Clear Y
      • Vacancy Rate 0
      • Total SqFt Rented 0
      • Total Monthly Rent $0
      • Gross Rent Multiplier 3
      • Cap Rate -NOI div LP 15
      • Gross Scheduled Income $345,956
      • Gross Adjusted Income $0
      • Total Expenses $0
      • NOI $156,486
      • Electrical Expenses $0
      • Tax Expense $7,666
      • Heating Expense $0
      • Insurance Expense $2,316
      • Annual Assoc. Dues $0
      • Other Expenses $172,556
      • Tax Year 2017

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    Neighborhood

    98146 (Seattle) Demographics

    38Median Age
    5,902Population Density (per sq. mile)
    36%College Educated
    $60,137 Estimated Median Income
    5,812Estimated Total Home Owners
    3,858Estimated Total Renters
    60% / 40%Estimated Owner / Renter Divide
    1Estimated Average Household Size
    27,456Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $505,750 Median Sales Price
    40 Homes Sold
    0 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $850,000
        7/30/2019 6:31:11 PM Status Changed Source New Value: Pending
        6/14/2019 9:10:59 PM Status Changed Source New Value: Pending Feasibility
        3/7/2019 11:40:58 PM Price Reduced Source New Value: $850,000 -5.56%
        9/25/2018 12:41:00 PM New in Database Source New Value: $900,000

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        This property search is part of the Reliance Network website. Listing information is courtesy of the WA-NWMLS and Reliance Network. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2019. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.