10231 16th Ave SW $785,000

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    10231 16th Ave SW West Seattle, WA 98146

    Sold
    SOLD 9/3/2019

    $785,000

    • 0.22 Acres
    • Commercial/Industrial
    • Listing# 1366490
    Favorite Share
    Views: 3 Days On Market: 127

    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
      • Approx Building SqFt 2,575
      • Approx Office SqFt 0
      • Approx Whse/Mfg SqFt 0
      • Zoning Class Commercial, Retail
      • Style 75-Retail
      • Total Covered Parking 0
      • Total Uncovered Parking 0
      • Zoning Jurisdiction County
    • 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
      • 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
      • Lot Square Footage 9,500
    • 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 15.00
      • 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
      • Other Expenses $172,556
      • Tax Year 2017
      • Annual Assoc. Dues $0

    Neighborhood

    98146 (West Seattle) Demographics

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

    Market Last 30 Days

    $535,000 Median Sales Price
    17 Homes Sold
    0 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- New in Database Source
        9/3/2019 12:00:00 AM Sold Source New Value: $785,000
        7/30/2019 6:31:11 PM Status Changed Source New Value: Pending

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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, 2020. 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.