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Listing #1898 | Gorgeous Full Service Waterfront Restaurant and Lounge Including Real Estate |
Price: $1,250,000 |
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This gorgeous full service waterfront restaurant and lounge boasts spectacular views of the Puget Sound. The restaurant and bar was recently remodeled and includes a huge 2400 sq ft 2 level deck with additional large grass yard and cement patio perfect for barbeques. The bar and lounge includes pull tabs, a pool table, and performance stage where live music is heard often. A bonus 1100 sq ft upstairs includes two office spaces, storage area, and bathroom. The building was also recently remodeled and expanded and is in excellent shape. A new buyer will inherit a popular restaurant and bar with an extensive clientele list. The building includes ample off street parking just off a busy highway that sees over 14,000 cars and trucks per day. Located just minutes from the local Golf and Country Club this investment opportunity a must see. BUILDING & LAND APPRAISED FOR OVER 1.2 MILLION! Take advantage of this rare Puget Sound restaurant and bar with waterfront real estate included. This is an Andrew Graham with Silverdale Realty listing.
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| Listing Status: |
Available |
| Price: |
$1,250,000 |
| Location: |
WA Seattle and Greater Puget Sound
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| Last Year's Adjusted Net: |
$90,000 |
| Liquor License: |
Full Liquor License |
| Indoor Seating: |
70 |
| Outdoor Seating: |
20 |
| # of Part-Time Employees: |
5 |
| # of Full-Time Employees: |
10 |
| Hours Open: |
15 per day Days Open: 7 |
| Year Established: |
1988 |
| Inside Sq. Ft.: |
5400 |
| Outside Sq. Ft.: |
13,068 |
| Lot Sq. Ft.: |
13,068 |
| Hood System: |
Yes |
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- Ample off-street parking
- BUILDING & LAND APPRAISED FOR OVER 1.2 MILLION
- Just Minutes from 27 Hole Golf and Country Club
- Huge 2400 Sq Ft 2 Level Deck
- Recently remodeled full service waterfront restaurant and lounge
- 1100 Sq Ft Upstairs Includes Two Office Spaces
- Building has been recently remodeled and expanded and is in excellent shape
- Real Estate Included
- Cap Rate: 7.20
- Seller Financing Terms Available
- Total Sq Ft of Lot: 13,068
- $90,000 NOI
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Location:
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Cafe and Tea Shop for Sale in North King County |
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Location:
Lease: May 31, 2014 + 5 yr option
Monthly Rent: $2,738
Annual Revenue: $171,272
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Price: $79,000
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