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RESTAURANT FOR SALE
Marysville Restaurant real estate for Sale
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Selling Restaurants presents this Stunning and Unique Landmark restaurant on nearly a half acre of land near I-5 in Snohomish County. Details of this very special property are reserved for qualified buyers and developers for confidentiality purposes, but this is certainly a very rare and exciting real estate opportunity NOT to be missed! Imagine owning more a half acre of prime real estate in the heart of town right off I-5 with gross income ranging from $1.6M to $2.4M per year over the past 4 years on just one of two separate tax parcel numbers included in this sale. This is a developers dream come true! The anchor business is well established and the city is currently encouraging commercial development.
This is an Add Value Alliance, Inc. Listing.
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General Information
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| Listing Status: |
Available |
| Price: |
$3,000,000 |
| Location: |
Washington St. Northern Restaurant for Sale |
| Last Year's Annual Gross: |
$1,575,981 |
| Last Year's Adjusted Net: |
$120,000 |
| Lease Information: |
Fully Negotiable |
| Monthly Rent: |
$11,000 |
| Liquor License: |
Full Liquor |
| Indoor Seating: |
207 |
| Outdoor Seating: |
16 |
| # of Part-Time Employees: |
29 |
| # of Full-Time Employees: |
5 |
| Hours Open: |
Hours
Monday - Thursday 9:00 AM - Close
Friday - Sunday 8 AM - Close
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| Year Established: |
1989 |
| Inside Sq. Ft.: |
7450 |
| Lot Sq. Ft.: |
21780 |
| Hood System: |
Yes |
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Highlights
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- Very Unique Restaurant and Bar Experience
- Nearly a Half-Acre right off I-5 in Snohomish
- Restaurant and Bar Includes 7450 usable square feet
- Banquet room, loft, and, outside seating available
- Profitable restaurant gross revenue exceeds $1.5M Gross up to $2.4M
- Additional rents total $9k per year
- 2 separate tax parcels present fantastic redevelopment opportunity
- City has already hired redevelopment consultants
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The information contained in this offering profile was provided by the Seller and is believed to be accurate. Selling Restaurants has not verified the information and therefore makes no representations or warrantees as to its accuracy or completeness. This profile is subject to the Confidentiality Agreement and Disclaimer as agreed to and acknowledge by the Buyer. Please note: (1) Sq. ft. is estimated (2) Adj. Net represents the last year's owner's cash flow (3) Annual Payroll is last year's and does not include any owner wages.
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