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 Beds
    • 0 Baths
    • Business Opportunity
    • Listing# 1366787
    Favorite Share
    Views: 5 Days On Market: 155

    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
      • Commercial Category BusinessOpportunity
      • Business Type Restaurant
      • Franchise N
      • Hours of Operation 11am-10pm Mon-Sat
      • Licenses Alcohol
      • Major Type of Business Food and Beverage, Retail
      • Number of Employees 5
      • Year Established 1970
    • Property Features
      • Location Free Standing
      • Lot Square Footage 9,500
      • Total Covered Parking 0
      • Total Uncovered Parking 0
    • Financials
      • Annual Gross Sales $345,956
      • Annual Rent $0
      • Annual Expenses $182,550
      • Inventory $5,000
      • Net Proceeds $0

    Neighborhood

    98146 (West Seattle) Demographics

    37 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 In This Postal Code

    $543,000 Median Sales Price
    21 Homes Sold
    24 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

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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.