In the News
July 03, 2014
For sale: Building that houses Seattle's oldest bar
Puget Sound Business Journal
Back to top
The building that houses what is reportedly Seattle's oldest bar, the J&M Cafe, soon could have a new owner.
Whoever ends up with the Pioneer Square building at 201 First Ave. S. will have a lot of work on their hands, including possibly removing Jacob "Jack" Buttnick from the building.
Buttnick is outspoken about the fact that he is still the owner of the three-story structure, which was built just after the Great Seattle Fire of 1889. Jacob G. Buttnick was listed as the owner of the building, which is now in receivership, and it's rumored that he may be living in the upstairs of the building.
While the J & M, which occupies part of the ground floor, seems in fine shape, the upstairs is spooky and dilapidated. There are holes in the floors, holes in the ceiling and windows without glass. Plaster is falling off the walls, and old bathroom fixtures are strewn about. During a recent tour, a rat scurried down the hall and into a side room.
"You are going to have to strip this down to a cold gray shell and start from scratch," said Ross Klinger of commercial real estate company Kidder Mathews. The receiver hired Klinger and his father Jim to market the building for sale.
Ross Klinger said the building could be turned into office space, a hotel and residences.
For the full story, go to Puget Sound Business Journal .
© 2014 American City Business Journals. All rights reserved.