3121 Broadway
Everett WA 98201

Buzz Inn Steakhouse - Development Site

3121 Broadway Everett WA 98201

Listing #: 678612 | Status: Available | Last Modified: 4/7/2024 |

For Sale
Mark Peizer
  • Phone:(206) 909-3314
  • Email:mpeizer@comcast.net
  • Office Name:Peizer Commercial Real Estate
  • Office Phone:(206) 909-3314
  • Office Website:
Showing Instructions
  • Call Listing AgentNo
  • Use DiscretionNo
Price Information
  • Listing Price$ 2,695,000.0
  • $/SF$ 386.6
  • $/Unit$ 2,695,000.0
  • Listing StatusAvailable
  • Days on Market58
  • Asset ClassRetail, Multi-Family
  • Terms
Investment Information
  • Investment Type
  • Investment PropYes
  • Gross Income2,448,237
  • Vacancy Factor %0.00%
  • Operating Expenses0
  • Net Operating Income2,448,237
  • CAP Rate 1.95 %
Detail Listing Information
  • Min Total SF0
  • Max Total SF0
  • Lease Rate Low$ 00.0
  • Lease Rate High$ 00.0
  • Heat Source
  • Total Units
Utilities
  • Water
  • Electricity
  • Storm Sewer
Retail Information
  • SignageSignage on Building and Freestanding
  • Anchor
Retail Asset Class Info
  • Crane Count
  • Crane Tonnage0
  • Clearance Height Min
  • Clearance Height Max
  • Bay Depth
  • Second Road Front
  • Grade Level Door Count
  • Tennant Improvement Allowance
Financial Summary
Building Information
  • Building StatusExisting
  • # of Buildings2
  • # of Floors2
  • # of Units0
  • # of Elevators
  • Clearance Height Min
  • Clearance Height Max
  • Bay Depth
  • Total Building SF13102
  • Net Rentable Area6971
  • Total Office SF
  • Largest Contiguous SF6500
  • Lot SF18295
  • Acres0.42
Property Type
  • Property TypeRetail
  • Office Type
  • Building Class
Location
  • CountySnohomish
  • Vicinity
  • Location Description
  • Second Address
  • Cross StreetPacific Ave
  • Market AreaEverett
  • Tax ID #00439074200200
  • Additional Parcels
  • ZoningMU
Construction
  • Year Built1957
  • Year Renovated
  • Completion Date
  • Roof Type
  • Construction TypeConcrete

Buzz Inn Steakhouse - Development Site

Public Comments

One of the largest restaurants in Everett, the Buzz Inn Steakhouse is strategically located in the heart of downtown Everett within walking distance to the Courthouse, Angel of the Winds Areana and easy access to Interstate-5. Formerly Petosa's and Alligator Soul, current Owner extensively remodeled building in 2015 with capital expenditures of $600,000. Beyond interior & cosmetic updates, some of the other features include a remote control security parking gate off of alley and 3 new HVAC units on the roof. Current operations include three (3) meals per day, lounge and gambling activities (38 pull-tab games & 4 poker games 3 times per week). Operating Hours daily are: 6:00 AM to 10:00 PM (Sunday close at 9:00 PM). Excellent development site as well with aggressive MU (Mixed Urban) zo

Public Building Comments

Restaurant in prime location just a few short blocks from the Everett Comcast Events Center. Approximately 6900 sq ft above ground plus full basement. Plenty of parking. Nearly 1/2 acre commercial lot.

Search Tags

Restaurant

Listing Images