2801 E Madison St | Seattle, WA 98112
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- LoopNet Team
2801 E Madison St
Seattle, WA 98112
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Single-Tenant restaurant building on the market for the first time in over 45 years
- Excellent visibility with 40 feet of street frontage at a signalized intersection with great vehicle and foot traffic
- 4,000 SF street-to-street lot zoned NC2P-55 (M)
- Long-term tenant, Jae's Asian Bistro & Sushi, has occupied the building for 25 years and has a lease until 11/30/29
- 2,015 SF building plus outdoor patio seating
- Single Net lease with Landlord responsible for property taxes and insurance. Landlord has right to terminate for redevelopment
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
2,015 SF
Building Class
B
Year Built/Renovated
1905/2000
Tenancy
Single
Building Height
1 Story
Building FAR
0.50
Lot Size
0.09 AC
Zoning
NC2P-55 - Neighborhood Commercial Zoning is a moderately-sized pedestrian-oriented shopping area that provides a full range of retail sales and services.
Parking
2 Spaces (0.99 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Fenced Lot
- Restaurant
- Signalized Intersection
- Tenant Controlled HVAC
- Wheelchair Accessible
- Accent Lighting
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
PROPERTY TAXES
| Parcel Number | 501600-0590 | Improvements Assessment | $1,000 |
| Land Assessment | $1,300,000 | Total Assessment | $1,301,000 |
PROPERTY TAXES
Parcel Number
501600-0590
Land Assessment
$1,300,000
Improvements Assessment
$1,000
Total Assessment
$1,301,000
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