6415 32nd Avenue NW, Seattle, WA 98107

$4,950,000

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Listing courtesy of RE/MAX Extra Inc..

List Price
$4,950,000
Status
ACTIVE
MLS#
2402371
Price Change
▼ $550,000 1773104412
Days on Market
373
Annual Tax Ammount
26317
Internet Provider
Xfinity

Property Description

Prime Ballard Opportunity: Ristorante Picolinos! This exceptional 12,000+ sq ft Italian restaurant is a cornerstone of Ballard's dining scene. Land & building included! Full bar, cafe, coffee shop, & bakery create a one-stop destination. Ideal corner location with high visibility. Cafe thrives 5am-5pm & bakery boasts fresh offerings daily. Restaurant enjoys loyal following (4:30pm-9pm). Both sides see strong, repeat business a testament to quality! Huge upside potential for event catering - multiple indoor/outdoor spaces for weddings etc. Also have .14 acre leased property included for a total of .358 acres hard corner lot. Financials available. PLEASE DO NOT APPROACH ANY EMPLOYEES. Seller is Willing to and sell land and building or business only. Located just blocks from Ballard Locks Good walk rate on bus line.

Additional Information

Community
Ballard
Building Condition
Good
Style
62 - Business Opp.
Year Built
1940
Roof
Flat, Torch Down
Tax Year
2025
Potential Terms
Cash, Conventional, Owner Will Carry
Flooring
Ceramic Tile, Concrete
Driving Directions
GPS Friendly
Electric Expenses
26000
Other Expenses
1615696
Energy Source
Electric, Natural Gas
Net Operating Income
$125,297
Gross Adjusted Income
$2,775,129
Gross Scheduled Income
$3,794,191
Water/Sewer/Garbage Expenses
$47,000
Cap Rate
3
Total Expenses
$1,801,381
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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