15743 Ambaum Blvd SW
Retail | 14,320 SqFt
Marketing description
NAI Puget Sound Properties is pleased to present for sale the former Wizards Casino building located at 15743 Ambaum Blvd SW in Burien. The property consists of a 14,320 SF building on a 42,496 SF lot. The 8,320 SF upper level, formerly occupied by Wizards Casino, is currently vacant and available for an owner user buyer. The space includes a full kitchen, open event space, separate bar area, and ample parking.
The lower level is occupied by a bar, Good Time Ernie’s, which provides the landlord with $8,000/month plus NNN.
Zoned MU-2 (Mixed-Use), the site allows retail, bars and restaurants, recreational facilities and event space, churches, schools, and office uses.
Investment highlights
OWNER-USER OPPORTUNITY WITH ADDITIONAL INCOME
The upper lever can be immediately occupied by a user, who can benefit from receive ancillary income from the leased lower level, currently paying $8,000/month plus NNN. The lower level tenant has been operating at the property for 40+ years and thus creates stable, reliable cashflow.
HIGHLY FUNCTIONAL ENTERTAINMENT OR ASSEMBLY SPACE
The upper level presents a highly versatile, open-layout space ideally suited for a wide range of assembly and entertainment oriented uses. With its expansive floor plate, full kitchen and bar, separation from the existing lower-level tenant, the space is particularly well-positioned for conversion into an entertainment venue, banquet hall, bar/restaurant, or church.
SIGNIFICANT PARKING CAPACITY
The property benefits from a parking easement for the parking lot directly to the north, which includes over 120 striped parking stalls. Additionally, the subject property contains ~30 striped parking stalls. Combined, the facility has a maximum parking capacity of ~150.
LOCATED IN HIGHLY DESIRABLE RETAIL CORRIDOR
The property is located in the highly trafficked Five Corners area of Burien, which houses national and regional retailers such as PCC Community Markets, Trader Joe’s, Starbucks, MultiCare, Jersey’s Mikes, Sherwin Williams, etc.
SELLER-FINANCING AVAILABLE
Seller is open to carrying a note. Please contact listing agent to discuss further.
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