2801 E Madison St
Seattle WA 98112
Jae's Asian Bistro & Sushi & 2801 E Madison Street
2801 E Madison St Seattle WA 98112
Listing #: 686685 | Status: Pending | Last Modified: 9/19/2024 |
For Sale
- Phone:(206) 999-9161
- Email:laurenhendricks@windermere.com
- Office Name:Windermere-Midtown Commercial
- Office Phone:(206) 446-6400
- Office Website:
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 1,500,000.0
- $/SF$ 744.4
- Listing StatusPending
- Days on Market16
- Asset ClassRetail
- Terms
- Investment Type
- Investment PropYes
- Gross Income64,479
- Vacancy Factor %0.00%
- Operating Expenses15,293
- Net Operating Income49,186
- CAP Rate 3.28 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- Crane Count
- Crane Tonnage0
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Second Road Front
- Grade Level Door Count
- Tennant Improvement Allowance
- Building StatusExisting
- # of Buildings1
- # of Floors1
- # of Units
- # of Elevators0
- A/CYes
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF2015
- Net Rentable Area2015
- Total Office SF
- Largest Contiguous SF2015
- Lot SF4001
- Acres0.09
- Property TypeRetail
- Office Type
- Building Class
- CountyKing
- Vicinity
- Location Description
- Second Address
- Cross Street28th Ave E
- Market AreaCapitol Hill/First Hill
- Tax ID #5016000590
- Additional Parcels
- ZoningNC2P-55 (M)
- Year Built1905
- Year Renovated2000
- Completion Date
- Roof Type
- Construction TypeWood
Jae's Asian Bistro & Sushi 2801 E Madison St
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. Roof is 5 years old.
