Listed by Coldwell Banker Evergreen
$1,499,000
509 4th Ave E
Details
Property Type Retail
Sub Type Restaurant, Commercial
Square Footage 13,657
NOI $60,505
Year Built 1925
Retail | 13,657 SqFt
Marketing description
Built in 1925 This 13,657 Square Foot Building is in a Great Location on 4th Ave Downtown. Across From the Very Popular Well 80 Restaurant. Ballet Nw Has Been a Long Term Tenant in 7,200 Square Feet of the Building and Have a Lease Until June 1, 2027. the Vacant Storefront is 4,900 Square Feet Plus There's an Additional 1,200 Square Feet of Storage.
This building can be split into two units and sold separately. The front showroom portion on 4th Ave has 4900 sq ft of retail space + 2400 sq ft of storage in the back, it is for sale for $899,000. The other space is located at 412 Jefferson and is for sale for $815,000. This space is leased until 6/1/27 to Ballet NW for $6,323 per month.
Listing Contacts
Listed by Coldwell Banker Evergreen
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$60,505.11
$5,042.09/mo
Valuation Metrics
0
DSCR
4.04%
Cap Rate
4.04%
ROI
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