Tuesday, December 18, 2007

The Croc as real estate

The Croc is now official a real estate listing. It's listed at $495,000. Here's the listing description at the John L. Scott site:

Approx. 6,400 SF Space with (2) Bars, Kitchen, and Live Music Stage. Brand New 10 Year Lease Term. Fabulous Location on corner of 2nd Ave & Blanchard ideal for any full service restaurant or bar concept. Character-filled single story masonry building. In the Heart of Chic Belltown Scene - Txori, Zoe, Mistral, See Sound Lounge and More! An excerpt from the Seattle Weekly raves:'A central meeting place for Seattle's world famous music scene.' Become part of the Legend that is the Crocodile Cafe.

1 comment:

Anonymous said...

No, it's not a real estate listing at all. The land is worth far far more than that. What that 500K gets you is the business of the Crocodile Cafe and the right to assume it's lease from the landowner. Big big difference.