5602 1st Avenue S Seattle, WA $ 1,975,000
5602 1st Avenue S
$ 1,975,000
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5602 1st Avenue S

Seattle, WA, 98108
$ 1,975,000
Baths0.0

Monthly Estimate*

$ 13,796

Listed by Berkshire Hathaway HS NW
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Studio

Commercial Property for sale in Seattle, WA

for $1,975,000. This building was built in 1932 on a lot size of 0.149.

BUILDING AND RESTAURANT FOR SALE: 5.6% CAP RATE!!! Fully operational and open. "Slim's Last Chance Bar". Entire operation including all property, stoves, ovens, appliances, kitchen, bar ware & fixtures are included (Except Slim's Art and sign). TURN KEY OPPORTUNITY. This rare free standing, fully fixtured restaurant with on site parking offers kitchen with type 1 hood, outdoor patio/dining & includes sound system for 2 stages. Highly visible corner location with prime 120 ft. of frontage on 1st Ave S. Slim's Last Chance Saloon has been named in Diner, Drive ins and Dives and made famous by travel Channel and food Paradise. Includes newly signed five year NNN lease on 5602 & new 6 month pre-paid lease on 5606. Great opportunity.

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Commercial Active

Price

$ 1,975,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 8,276

Style

Comm Bldg Und 10K

Lot Size

0.149

Year Built

1932

Town/City

Seattle

County/Region

King

MLS | Web ID

2197644

Features
General
Interior Features Ceramic Tile Hardwood
Sewer Sewer Connected
Heating Forced Air Heat Pump
Cooling Forced Air
Possession Closing
Roof Composition Flat Torch Down
Exterior Features Metal/Vinyl Wood
HOA 0
Year Built 1932
Topography Level
Property SubType Commercial Industrial
Tax Year 2023
County King
Net Operating Income 111425
Insurance Expense 6374
Property Type Commercial Sale
HOA / Comm Assn N
Subdivision Name Georgetown
Possible Use Commercial
Building Features Sprinklered
Special Listing Conditions None
Status Active
Directions I-5 Exit 162 (Michigan Street) turn right on Michigan turn right on 1st Ave S.
City Seattle
Buyer Agent Compensation 2.5
Senior Community Y/N N
Total Units 2
MLS Area 385 - SODO/Beacon Hill
Lot Size Square Feet 6492
Carport Y/N N
Street Name 1st
Listing Terms Cash Out
Tax Annual Amount 8276
Property Condition Very Good
Public Remarks BUILDING AND RESTAURANT FOR SALE: 5.6% CAP RATE!!! Fully operational and open. Slim's Last Chance Bar . Entire operation including all property stoves ovens appliances kitchen bar ware & fixtures
Structure Type Unspecified
Building Area Units Square Feet
Standard Status Active
Water Company City of Seattle
Total Actual Rent 9285
Zoning Class Commercial
Water Sewer Garbage 14323
Property Style 60 - Comm Bldg Und 10K
Cap Rate 5.64
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Interior
Flooring Ceramic Tile Hardwood Vinyl
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Street Suffix Avenue
Living Area Units Square Feet
Ceiling Height 10
Power Production Type Natural Gas
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Exterior
Water Source Public
Total Parking 20
Foundation Details Poured Concrete
Building Area Total 0
Lot Dimensions 120 x 54
Lot Size Acres 0.149
Lot Size Units Square Feet
Open Parking Y/N N
Irrigation Water Rights Y/N N
Site Frontage 120
Parking Uncovered Total 20
Lot Number 1-4
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Internal Only
OriginalMLSID NWM2197644
Street Number 1 5602
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* Excluded Features
List By
Craig R. Roberts

Listing Agent

Berkshire Hathaway Hs Nw

Broker

Affordability Calculator

$14,486
Per Month
95%
5%
0%
Monthly Principal & Interest
$13,796
Monthly Property Taxes
$690
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
258624 Elementary School
258775 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/8/2024$1,975,000 Listed Price

Map


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5602 1st Avenue S, Seattle, WA, 98108 is a Commercial Property for sale at $1,975,000 with a lot size of 0.149. 5602 1st Avenue S is a studio with 0.0 baths and was built in 1932. The property's zip code is 98108 which is in Seattle, WA