3242 Eastlake Avenue E, Seattle, WA 98102
Listing courtesy of Paragon Real Estate Advisors.
- List Price
- Days on Market
Paragon Real Estate Advisors is proud to exclusively offer for sale the Eastlake Commercial Condominium. This 2,830 square foot space is currently occupied by the 4.7 star Sebi’s Bistro, a popular polish restaurant. Sebi’s Bistro lease will be ending on December 31st, 2022 providing a great opportunity for an owner-occupier or for an investor to lease up the space at a market rate. The current rental rate provides an investor with a 5.6% cap rate on existing financials. Further, the current lease rate is about 30% below market providing for a market 7.2% cap rate when leased up at a market rate.
- 75 - Retail
- Year Built
- HOA Dues
- Driving Directions
- From downtown Seattle, Take 4th Ave to University St. Get on I-5 N. Continue on I-5 N. Take Boylston Ave E and Harvard Ave E to Eastlake Ave E.
- Other Expenses
- Net Operating Income
- Cap Rate
- Total Expenses
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.