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33723-33731 SE Redmond Fall City Rd 5,872 SF Retail Building Fall City, WA 98024 $1,800,000 ($306.54/SF) 6.67% Cap Rate
Executive Summary
7,405 SF (0.17 acres)
5,872 SF building area
1,100 SF Riverside Tavern with 7 years remaining on NNN lease (9/30/2031)
Recently signed 4,203 SF Fall City Bar & Grill lease with 5 years remaining on NNN lease
569 SF 2nd story two-bedroom apartment
Downtown Fall City location along Highway 202 and across from the Snoqualmie River
Highly rated and established restaurant in-place
Affluent and fast-growing East King County submarket
Brand New Roof Installed Summer 2025
6.67% cap rate
Price: $1,800,000
5,872 SF building area
1,100 SF Riverside Tavern with 7 years remaining on NNN lease (9/30/2031)
Recently signed 4,203 SF Fall City Bar & Grill lease with 5 years remaining on NNN lease
569 SF 2nd story two-bedroom apartment
Downtown Fall City location along Highway 202 and across from the Snoqualmie River
Highly rated and established restaurant in-place
Affluent and fast-growing East King County submarket
Brand New Roof Installed Summer 2025
6.67% cap rate
Price: $1,800,000
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,872 SF
Building Class
C
Year Built
1925
Price
$1,800,000
Price Per SF
$306.54
Cap Rate
6.67%
NOI
$120,080
Tenancy
Single
Building Height
2 Stories
Building FAR
0.79
Lot Size
0.17 AC
Zoning
BC, Fall City
Parking
10 Spaces (1.7 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Restaurant
- Storage Space
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,180,500 | |
| Land Assessment | $157,500 | Total Assessment | $1,338,000 |
Property Taxes
Parcel Numbers
Land Assessment
$157,500
Improvements Assessment
$1,180,500
Total Assessment
$1,338,000
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33723-33731 SE Redmond Fall City Rd
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