33723-33731 SE Redmond Fall City Rd
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33723-33731 SE Redmond Fall City Rd
5,872 SF Retail Building Fall City, WA 98024 £1,486,655 (£253/SF) 6.32% Net Initial Yield
Executive Summary
7,405 SF (0.17 acres)
5,872 SF building area
1,100 SF Riverside Tavern with 7 years remaining on NNN lease (9/30/2031)
Recently signed 4,203 SF Fall City Bar & Grill lease with 5 years remaining on NNN lease
569 SF 2nd story two-bedroom apartment
Downtown Fall City location along Highway 202 and across from the Snoqualmie River
Highly rated and established restaurant in-place
Affluent and fast-growing East King County submarket
6.32% cap rate
Price: $1,900,000
5,872 SF building area
1,100 SF Riverside Tavern with 7 years remaining on NNN lease (9/30/2031)
Recently signed 4,203 SF Fall City Bar & Grill lease with 5 years remaining on NNN lease
569 SF 2nd story two-bedroom apartment
Downtown Fall City location along Highway 202 and across from the Snoqualmie River
Highly rated and established restaurant in-place
Affluent and fast-growing East King County submarket
6.32% cap rate
Price: $1,900,000
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,872 SF
Building Class
C
Year Built
1925
Price
£1,486,655
Price Per SF
£253
Net Initial Yield
6.32%
NOI
£93,957
Tenancy
Single
Number of Floors
2
Building FAR
0.79
Lot Size
0.17 AC
Zoning
BC, Fall City
Parking
10 Spaces (1.7 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Restaurant
- Storage Space
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £861,361 | |
| Land Assessment | £105,817 | Total Assessment | £967,178 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£105,817
Improvements Assessment
£861,361
Total Assessment
£967,178
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33723-33731 SE Redmond Fall City Rd
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