IMAGI-BLOG
The cost of a Seattle Music Landmark? Priceless! Not really, it's actually $495,000
Submitted by imaginary liz on December 18, 2007.Our investigator friends at Line Out found the for-sale listing for the Crocodile! Here's the full scoop:
Seattle Area Business Opportunity
$495,000
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.
Wow... that's definitely out of the imaginary league, but we totally think you should buy it.
» permalink «
2
el ganador said on December 18, 2007:
Man, if I could get you girls anything for Xmas, I'd totally buy you the Croc.
I guess I'll just have to settle for getting you a breast pump. :(
» reply
3
facts about rob said on December 18, 2007:
dana--
SO right about that... i was a bit shocked at the price tag. it's gotta be a "hopeful" somebody-will-overpay-to-save-it intitial offering...
give it a month... i would guess the selling price should be maybe 1/2 of that if they REALLY want to sell it as a music venue... which, i'm not a religious man, but i sure have learned how to pray like mad the past few days.
*sigh*
rob
ps- i say, let's have a MONTH of benefit shows, with all the HUGE bands around the world who have played there offering up there services... and reopen it as a non-profit with an "indie rock" board of directors!
pps- the funniest thing would be if Peter Buck (he of the nasty divorce with Stephanie, the current owner) stepped in and bought it...!!! (that was in poor taste, sorry-- but i'd TAKE IT if it happened... SOMEBODY PLEASE BUY IT!)
» reply
4
lisa said on December 18, 2007:
The building and land aren't included because they lease the space. It does seem high given the circumstances and you'd need to know right off the bat what the rent and triple-net expenses are, even before you factor in all the other expenses.
» reply
5
Shane said on December 18, 2007:
I wonder if Paul Allen's going to buy it and rename it
EMP 2: electric boog... oh nevermind.
» reply
Reviews
imaginary dana said on December 18, 2007:
I'm no businessman, but that price tag is for the business alone -- not the building, or the land. Seems kinds pricey for a business that had to close because they had no capital/couldn't make payroll.
I'm sayin' that at this point, they could probably be talked down...