$3,475,000
Muse Lounge
Listing Type: Business Opportunity
Category: Food And Beverage
Status: Available
CBA ID#: 675758
224 Occidental Ave S
Seattle, WA 98104View Map
Commercial Property

Marketing Description:

New on market, Location, Location. Once in a lifetime opportunity to own this Successful High Profitable, WellKnown Restaurant-Bar located in Pioneer Square, Most Walkable neighborhood-Heart of DT Seattle, Corner of Occidental&Main. This 7,183SF Rest/Bar, built new in 2017 approx. $1.8M, has AlFresco lunch/dining, Full liquor/beer/wine Bar offers Live Music, POS Processing, ADA access, Sprinklers, HVAC, 24F DoubleHood Type I, storages, Private Office, Employee Lockers, 20F+ Ceiling with newer exhaust system, underground grease/food trap, Indoor Unload Zone-Garbage Enclosure back Garage, potential cash flow revenue growth yearly. Walking distance to stadiums Lumen Field, T-Mobile Park with all Pro Sport National/International Events. Please come and see.

Listing Agent Remarks:
Must call/email LB for showings or ?, (24H notice, SB&LB must be@showing). No showing time & do not disturb customers and employees during biz hours. Use Anderson Law & Escrow, PLLC. NDA signed to show; After Mutual Acceptance to release Financial, P&L Docs. No Sale Sign, No P&L's supplied, forms 7A, 7B & 7I are in file. Buyer&SB are responsible for investigating & verifying all aspects of the biz to their satisfaction. Qualified good background, experienced&serious tenant/buyer only please.

Use Discretion: No

Showing Instructions: Must call/email LB for showings or ?, (24H notice, SB&LB must be@showing). No showing time & do not disturb customers and employees during biz hours.

Included in Price:

  • Real Property: No
  • Inventory Included: No
  • Fixtures/Equipment: No
  • Phone System: Yes
  • Trade Name: No
  • Excluded Items: No

Financials:

  • Operating Income: $2,950,793
  • Operating Expense: $1,787,506
  • Net Profit: $1,163,287
  • Monthly Rent: 148700
  • Monthly NNN: 6584
  • Docs With Offer: Yes
  • Profit/Loss Years: 2
  • Balance Sheet Years: 2
  • YTD Statement: Unknown

Seller Terms:

  • Seller Terms: Yes
  • All Cash: Yes
  • Minimum Down: 30%
  • Percent Interest: 0.00

Property Features:

  • Catagory: Food And Beverage
  • Leaseable SqFt: 7183
  • Includes Living Space: No

Business Features:

  • Ownership Type: LLC
  • Hours: 60
  • Days Open: 5
  • Seating: 170
  • FT Employees: 16
  • PT Employees: 4
  • Year Established: 2022

Licenses:

  • Beer/Wine: Yes
  • Gambling: Unknown
  • Professional: Unknown
  • Class H: Unknown
This Listing Supplied Courtesy of HDN Real Estate
Information is based on data available to the associate, including county records.
The information has not been verified by the associate and should be verified by the buyer.
Properties with the CBA logo are listed by the Commercial Brokers Association
The associate of this site is not a multiple listing service but is a member of a local MLS.
Equal Housing Opportunity