33723 RedmondFall City, WA 98024

For Sale
$1,900,000

Prime Restaurant Property, High Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a thriving restaurant and tavern complex in the desirable Fall City, Washington market. Located in downtown Fall City along Highway 202 and directly across from the Snoqualmie River, this property boasts a total of 7,405 square feet on a 0.17-acre lot. The main building encompasses 5,872 square feet and includes two established businesses: a 1,100 square foot Riverside Tavern operating under a triple-net (NNN) lease with seven years remaining (lease expiration 9/30/2031), and a 4,203 square foot Fall City Bar & Grill, also under a NNN lease with five years remaining. Adding to the property's value is a 569 square foot, two-bedroom apartment located on the second floor. The property benefits from its location in an affluent and rapidly growing area of East King County, and the existing businesses are highly rated and well-established, contributing to a strong 6.32% capitalization rate. The asking price for this turnkey investment is $1,900,000. This is a rare chance to acquire a multi-faceted commercial property with significant income potential in a prime location. The property's strong tenant base and favorable lease terms provide a secure and profitable investment opportunity.

Highlights

  • 7,405 SF lot (0.17 acres)
  • 5,872 SF building
  • 1,100 SF Riverside Tavern, NNN lease expiring 9/30/2031
  • 4,203 SF Fall City Bar & Grill, NNN lease with 5 years remaining
  • 569 SF two-bedroom apartment
  • Prime downtown Fall City location on Highway 202, overlooking Snoqualmie River

Property Details for 33723 Redmond

Property type
Other retail properties, Restaurants
Square Feet
5,872 SF
Lot Size (sq. ft)
7,405 SF

Location Insight

City
Fall City
County
King
State
Washington
Latitude
47.5696074
Longitude
-121.8789155
33723 Redmond, Fall City, Washington

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33723 Redmond
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