622 5Th AveEdmonds, WA 98020

Property Details for 622 5Th Ave

Year built

1969

Construction

WOOD

Lot size

0.16 AC

Property size (Sq ft)

2,550 SF

Zone code

E0

Property type

Retail properties

Property subtype

Retail space

APN

409600201200

APU

409600201200

Description

This thriving restaurant and bar, located in the heart of downtown Edmonds, Washington, presents a unique opportunity for a savvy investor. Priced at $75,000, this established business boasts a prime location at 622 5th Ave S, Edmonds, WA 98020, within Snohomish County. The property encompasses a single, two-story building with a total of 1,734 square feet. The layout includes a cozy main floor bar and dining area, a fully equipped kitchen, and additional kitchen/prep space on the second level. Upstairs also features an office and ample on-site storage. The current configuration comfortably seats 49 patrons indoors and an additional 48 on the outdoor patio, making it a popular happy hour destination. The sale is a business-only transaction and does not include the brand name or recipes. This is a Net Net Net (NNN) lease, single-tenancy property, representing a rare chance to acquire an established, profitable business in a vibrant downtown setting. The property's strong reputation and established clientele base provide a solid foundation for continued success. This turnkey operation allows for immediate revenue generation, minimizing the start-up time and costs often associated with new ventures. Don't miss this exceptional opportunity to own a piece of Edmonds' thriving culinary scene.

• CAP approach

  CAP return

  Valuation

  6%

  $1,011,101

  6.5%

  $933,324

  7%

  $866,658

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,953,332

  Geo Method

  $1,237,519

• Alternative Use

  Use

  Valuation

  Residential

  $787,294

  Hospitality

  $721,157

  Educational

  $599,994

  Medical

  $620,629

  Retail

  $933,324

Location Insight

City

Edmonds

County

Snohomish

State

Washington

Latitude

47.8051

Longitude

-122.378

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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