1429 12th Ave
Seattle WA 98122

1429 12th Ave Seattle WA 98122

Listing #: 688297 | Status: Changed | Last Modified: 3/24/2026 |

Julie Shizukuishi
Susanna Tran
Showing Instructions
  • Call Listing AgentYes
  • Use DiscretionYes
Listing Information
  • Listing Date*10/21/2024 12:00:00 AM
  • Last Modified Date3/24/2026 2:42:53 PM
  • List Price250000
  • Selling Compensation0
  • Lease expirationN/A
  • Selling ExclusionsNo
Business Characteristics
  • Type/Name of BusOsteria La Spiga
  • Hours of Operation
  • Days Open
  • Year Established1998
  • Leasable SF6300
  • # of Parking Available0
  • Seating Capacity130
  • Living QuartersNo
  • Living Quarters Descr
Operating Information
  • Annual Gross Income2300000
  • Operating Expenses2300000
  • Net Profit0
  • Reason for Sale
Associated Files
Building Information
  • Building NameOsteria La Spiga
  • CategoryFood and Beverage
  • Address1429 12th Ave
    Seattle, WA 98122
  • CountyKing
  • Vicinity
  • Market Area100-All Seattle
  • TB Map Grid
  • Other Map Page
  • Zoning
Special Licenses
# of Employees
  • Full Time10
  • Part Time12
Documents
  • Pft/Loss State #Yrs
  • Balance Sheet
  • Schedule C #Yrs
Proposed Terms
  • All CashYes
  • Min Down
  • Interest

First time For Sale- Osteria La Spiga

Public Comments

Message from the Seller: "After 27 dedicated years, we are executing a strategic shift designed to ensure the continued success and evolution of our brand. This transition is motivated by our retirement plan, which will allow us to spend more time in Italy in the future, connecting with family and heritage. The industry is evolving, and we are pivoting toward concepts that will better reflect the future needs of our loyal community. To carry this exciting vision forward, we are now seeking the right new owner or group to take the reins and pass the baton of our established business. This is a unique opportunity to build on a remarkably strong foundation. Along with the brand, we are prepared to share our valuable intellectual property, proven trade secrets, and beloved menu staples to help streamline operations and preserve the quality our clientele expects. We are deeply committed to a smooth transition and will stay involved by offering consulting and part-time support to ensure stability and continued success for the new leadership. We look forward to finding the right people to continue this legacy and are excited to support them in writing the next, great chapter." Award-winning, chef-owned, and highly regarded — this exceptional restaurant has been a pillar of Seattle’s dining scene for over two decades. Known for its authentic Northern Italian cuisine, hand-made pasta, and thoughtfully curated wine list, the establishment offers a warm, inviting atmosphere with rustic interiors that embody the essence of Italy. Location Situated in the heart of Capitol Hill’s Pike/Pine corridor, the restaurant benefits from steady foot traffic, a vibrant neighborhood, and a loyal customer base drawn to its consistent quality and charm. Ideal For Hospitality groups, seasoned restaurateurs, or visionary chefs seeking to inherit a beloved Seattle institution with deep roots and continued growth potential. Broker Note: Buyer broker compensation must be requested and included in the offer.