Your retail business looking to expand?
Retail businesses looking for long term appreciation with Urban Development leverage/exit strategy should consider this opportunity seriously.
Possibly into the Hillman City / Columbia City area? South Seattle is experiencing strong demand and appreciation from TOD (transit oriented projects). I have a great investment opportunity for you review.
There is an existing restaurant currently renting with less than 2 years left on lease. The property has approximately 20 plus parking spaces on Rainier Ave S. with approximately 25-30,000 traffic count on any working day. Excellent leverage with development exit strategy.
Sellers are anxious for committed buyer. The land is flat and has been used as a restaurant since the 60’s.
Asking price is $1,400,000 as-is.
Sellers will review all offers seriously. Assisted-living nursing home development is currently near completion behind subject property. Former Group Health Cooperative now Kaiser owns the south property next door. Seattle Rainier Housing owns 4 story building north of subject property.
Sounds interesting? Contact us for more info regarding the investment opportunity. Respectfully, sellers are not looking to tie property up with long term feasibility and closing periods. Please feel free to leave comments below.