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The Mermaid 10824 Vashon Hwy SW 3,576 SF Retail Building Vashon, WA 98070 $1,600,000 ($447.43/SF)
EXECUTIVE SUMMARY
Marketing Remarks
Vashon’s Only Commercial Waterfront Property Zoned NB, offers flexibility for mixed-use development; hospitality, retail +/or residential. This is a once-in-a-lifetime opportunity for a visionary entrepreneur to create a premier destination on Vashon Island. Just seconds from the ferry, this bustling property features a fully equipped commercial kitchen, bar/restaurant space w/permits, three apartments, parking for 6, & limitless potential. Envision a rooftop deck with breathtaking Pacific Northwest views, al fresco dining, exclusive events, craft cocktails, and boutique lodging. Perfectly positioned as the island’s hub for locals and visitors, this storied location awaits its next chapter, with the community eager for its revival
Vashon’s Only Commercial Waterfront Property Zoned NB, offers flexibility for mixed-use development; hospitality, retail +/or residential. This is a once-in-a-lifetime opportunity for a visionary entrepreneur to create a premier destination on Vashon Island. Just seconds from the ferry, this bustling property features a fully equipped commercial kitchen, bar/restaurant space w/permits, three apartments, parking for 6, & limitless potential. Envision a rooftop deck with breathtaking Pacific Northwest views, al fresco dining, exclusive events, craft cocktails, and boutique lodging. Perfectly positioned as the island’s hub for locals and visitors, this storied location awaits its next chapter, with the community eager for its revival
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,576 SF
Building Class
C
Year Built/Renovated
1954/1990
Price
$1,600,000
Price Per SF
$447.43
Tenancy
Single
Building Height
2 Stories
Building FAR
0.55
Lot Size
0.15 AC
Zoning
NB
Parking
6 Spaces (1.68 Spaces per 1,000 SF Leased)
Frontage
136’ on Vashon
PROPERTY TAXES
| Parcel Number | 888700-0260 | Improvements Assessment | $670,500 |
| Land Assessment | $217,300 | Total Assessment | $887,800 |
PROPERTY TAXES
Parcel Number
888700-0260
Land Assessment
$217,300
Improvements Assessment
$670,500
Total Assessment
$887,800
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The Mermaid | 10824 Vashon Hwy SW
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