507 Northgate Way UnitSeattle, WA 98125

For Sale
$780,000

Established Indian Restaurant, High Revenue

Overview

Added:
Feb 3
Days on market:
39
This exceptional business opportunity presents a thriving Indian restaurant in Seattle's vibrant Northgate Shopping District. Established in 2000 and operating at its current location for over a decade, this highly successful eatery boasts a prime street-level space at the corner of 5th Ave NE and NE Northgate Way. The restaurant occupies over 3000 square feet and features a beautifully appointed bar, considered one of the finest in the city. The property benefits from convenient covered garage parking with direct access to the restaurant. Financial performance is outstanding, with current annual gross revenue exceeding $1,555,000. Further enhancing profitability, the restaurant generates significant additional income through catering services for weddings and special events, pushing annual gross revenue beyond $2,000,000. A new five-year lease is in place, including a five-year option, and the landlord is known for their cooperative approach. The interior layout is easily adaptable to suit a variety of restaurant concepts, offering significant flexibility for future owners. This is a rare chance to acquire a well-established, high-performing restaurant in a prime Seattle location. The property is offered at $780,000.

Location Insight

City
Seattle
County
King
State
Washington
Latitude
47.70839
Longitude
-122.3224
507 Northgate Way Unit, Seattle, Washington

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507 Northgate Way Unit
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