Renton, WA Retail Property For Sale

+Historic Renton Restaurant Building

Rubattino’s restaurant, founded in 1920, is one of Renton’s oldest restaurants.

+Prime Location on 3rd Street

Property is located on the highly desirable 3rd Street retail corridor, with high traffic counts and pedestrian activity.

+ Fully Built-Out Restaurant & Bar Space

Space is benefitted by a café style restaurant bar, table/booth system, full kitchen with walk-in freezer, a separate bar area with billiards table and TV’s.

+ Business Purchase Opportunity

The business is also available for sale per separate agreement. Please contact broker for details.

64,861 SF (1.48 acres) of CA & R-10 zoned land

• 32,788 GSF retail, showroom, warehouse

• ~5,770 SF additional mezzanine (bonus space)

• 23,113 SF of parking/yard storage

(Building & Land must be sold together)

-Over $2.3 mil spent recently on permits and repairs (summary available)

-Ceiling Height: 15' to 16' Clear Height

-Grade Doors: 5

-Roof may serve as a parking structure (to be verified by Buyer’s engineering study)

-Potential to vacate alley for redevelopment

-Approx 230 lineal feet fronting Bronson Way N (-16,800+ vehicles per day)

1.87 Acres zoned Commercial Arterial in the City of Renton. Nice, level land, with all utilities on site! Small creek. Many uses including retail, apts, TH, restaurants and other commercial activities. Existing 1420 sf brick home trashed by homeless, but structure appears sound. and could be saved. Also 2009 built garage with unfin ADU above in good condition.

Reduced Price Due to Environmental Issue – Contact Broker for Details

8.33% Current Cap Rate at 68% Occupancy

12.33% Fully Stabilized Cap Rate

Multi-Tenant Retail Strip

Fantastic Location Adjacent to National Retailers

Full Block Site with Future Development Potential

Sale Price: $2,750,000

There are 3 buildings on the property. #205 had a fire in it & is being rebuilt(Approx. 1007 sq ft). #207 has 3 spaces(Approx. 1289 sq ft total). Two spaces leased to Hair Salon & Psychic Card Reader. #209(Approx 3029 sq ft, inc basement) fully leased to Massage Spa at $4,500/month.