Seattle, WA 98112,2801 E Madison ST
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Seattle, WA 98112,2801 E Madison ST
Seattle, WA 98112,2801 E Madison ST
Seattle, WA 98112,2801 E Madison ST
Seattle, WA 98112,2801 E Madison ST
Listed by Windermere Real Estate Midtown
Bought with Berkshire Hathaway HS SP

$1,500,000

Est. payment /mo

$1,500,000

Est.Price: ?

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2801 E Madison ST Seattle, WA 98112

4,000 Sqft Lot

SOLD DATE : 11/08/2024

Key Details

Sold Price $1,500,000

Property Type Commercial

Sub Type Commercial Industrial

Listing Status Sold

Purchase Type For Sale

Subdivision Madison Valley

MLS Listing ID 2288670

Sold Date 11/08/24

Style 60 - Comm Bldg Und 10K

Year Built 1905

Annual Tax Amount $13,229

Lot Size 4,000 Sqft

Lot Dimensions 40 x 100

Property Description

Stand alone restaurant building for sale with long-term tenant, Jae's Asian Bistro & Sushi, in the coveted Madison Valley neighborhood. 1st time on the market in over 45 years. The 2,015 SF building features tall ceilings, 2 private restrooms, mini-split A/C, indoor seating in dining room and at sushi bar plus outdoor seating on back patio. Located in the heart of Madison Valley, and at a signalized intersection, this property has 40 Ft of street frontage along E. Madison St. The street-to-street 4,000 SF lot is zoned NC2P-55(M). Single tenant has a single-net lease until 11/30/2029 with no options to extend. The Landlord is responsible for property taxes and insurance. Landlord has a Right to Terminate if the property is redeveloped.

Location

State WA

County King

Area 390 - Central Seattle

Interior

Interior Features Laminate Tile

Flooring Laminate

Fireplace false

Exterior

Exterior Feature Cement/Concrete

Roof Type Torch Down

Building

Sewer Sewer Connected

Water Public

Others

Senior Community No

Acceptable Financing Cash Out, Conventional

Listing Terms Cash Out, Conventional

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Northwest MLS (NWMLS)

Jonathan Pearlstein

Global Real Estate Advisor / Designated Broker | License ID: 17157

+1(425) 444-7899

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