Land & Bldg 4 Sale Downtown Eastside

Asking Price$6,000,000

Gross Revenue
Not Disclosed

Net Operating IncomeNot Disclosed

FF&E$25,000
Included in asking price
Building Sq. Ft.2027

Price per Sq. Ft.Not Disclosed

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Land & Bldg 4 Sale Downtown Eastside


Asking Price$6,000,000

Gross Revenue
Not Disclosed

Net Operating IncomeNot Disclosed

FF&E$25,000
Included in asking price
Building Sq. Ft.2027

Price per Sq. Ft.Not Disclosed

Property Description
A dream location CBD-6 zone Currently utilized as a fully equipped restaurant.
Here is a rare opportunity in the Eastside downtown area to purchase a building and land. The building houses a fully equipped restaurant (that does well over a million dollars annually in sales) and has its own parking lot. This is a great high-traffic location that has been and will continue to be a high-traffic location for the foreseeable future.

This is a dream location and a solid investment. This lot size is 10,800 SQ FT. Zoning is CBD 6. CBD 6 means Central Business District – Zone 6. It is a downtown mixed-use commercial zoning area, usually meant for active business, retail, restaurant, office, hotel, entertainment, and some residential-type uses—not heavy industrial.

On the city's zoning map, it is identified as CBD, or Central Business District, and the city’s code has a specific CBD-6 use zone chart under KZC 50.42. In practical real estate language, CBD 6 is generally a strong commercial/mixed-use zoning. It can allow uses such as: Restaurant or tavern, Retail/service business, Hotel or motel, Entertainment, cultural, or recreational facility, Office use, Stacked/attached dwelling units, meaning apartments/condos may be possible, etc.

So, simply put: CBD 6 is a downtown business/mixed-use zone with very good commercial potential; the buyer should verify the exact use, parking, design review, and location restrictions to their own satisfaction. Dream real estate opportunity on the coveted eastside that is just minutes from Microsoft or even downtown Bellevue.
About the Property
Type
Retail
Building Status
Established
Facilities & Assets
Self-standing building, 2027 sq ft with seating for 65 plus. Has a Type 1 hood system and walk-in refrigeration in the kitchen. Has own parking lot with more than 20 customer parking. Street parking is available as well. This location is on the coveted east side and is near many businesses and lots of people, so quite a lot of walk-in customer base to keep you busy, too.
Location Description
Lot size is 10,800 SQ FT. Zoning is CBD 6.
So, simply put: CBD 6 is a downtown business/mixed-use zone with very good commercial potential; the buyer should verify the exact use, parking, design review, and location restrictions to their own satisfaction. Dream real estate opportunity on the coveted eastside that is just minutes from Microsoft or even downtown Bellevue.
Current and Prior Use
Currently utilized as a fully equipped restaurant.
Year Built
1967
About the Sale
Furniture, Fixings and Equipment
Included in Asking Price
Current Property Expenses
Please note that if the buyer wants to purchase this existing restaurant along with this real estate (Land and building), that would be at an additional cost. The restaurant does about $2,000,000 annually in sales. (Restaurant open only 9 months out of the year, so sales prorated out are in the $2,000,000 annual sales range.
Listing Info
ID:
2543746
Listing Views:

Listing ID: 2543746 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.