Description

Grocery Store/ Real Estate /Rental Income.
This is a unique and a once in a lifetime opportunity. This property and business has never been offered for sale. This is a prime location – it is one block from the Washington State Ferry and the first business that the ferry passengers see getting off the ferry and the last one they see when leaving to Seattle on the ferry. Imagine where the people who are waiting for the ferry, sometimes for over 1 hour, are going to go while they are waiting? There are no other businesses around and this business has no competition. This opportunity includes the grocery store and the building and land it sits on (1/3 acre), the rental income from the US Post Office ($1,176 per month) and the lot next door (1/3 acre) with a 1,788 square foot rental home that is rented for $1,200 per month. The grocery store has been open since 1932 and the current Seller has owned it since 1982, when he inherited it from his parents. The store sits on a 1/3 acre lot and the building has both the grocery store and the US Post Office (5 years left on their lease) – the store has about 2100 square feet, there is an apartment attached that is used as an office that is about 1,000 square feet, and the post office is about 625 square feet. The lot has plenty of parking. The grocery store offers beer/wine, cigarettes, espresso, sandwiches, produce, gifts, cards, and accessories. It has an ATM and has Lotto. The new owner could easily take the area in back, that is now an office (1,000 square feet), and make it a deli- serving hot food and take on items for the ferry. They could put in a small café and have sit down and take out eating, with a sweeping view of the Sound. The lot next door is 1/3 acre and has a 1,788 square foot 3 bedroom home. This lot possibly could be re-zoned rural commercial which would make this site 2/3 of an acre prime for redevelopment. The seller is retiring and wishes to sell this as a total package for $740,000.
The store sits on a 1/3 acre lot and the building has both the grocery store and the US Post Office (5 years left on their lease) – the store has about 2100 square feet, there is an apartment attached that is used as an office that is about 1,000 square feet, and the post office is about 625 square feet. The lot next door is 1/3 acre and has a 1,788 square foot 3 bedroom home. This lot possibly could be re-zoned rural commercial which would make this site 2/3 of an acre prime for redevelopment.

Posted Oct 11, 2016

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