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August 2, 2022
SEATTLE — The Little Red Hen building, at 7111 Woodlawn Ave. N.E., sold last week for over $4.6 million, according to King County records.
The seller was Seattle Mingde Investment LLC, which acquired the property in 2010 for $2.4 million.
The buyer was RLD Group LLC, which is associated with married Green Lake investors. No new plans have been filed.
Brokers were not announced. For the land, the deal was worth about $397 per square foot. The corner at Northeast 72nd Street is on the block immediately east of Green Lake Park. The property shares the block with Starbucks, Shelter Lounge and La Escuelita Bilingual School. Those three properties have two different owners, so the Little Red Hen sale isn't an assemblage.
RLD once attempted to develop a Shoreline restaurant property with a seven-story, 160-unit mixed-use building. RLD owned and operated Super China Buffet, but recently sold the property at 15323 Westminster Way. N. to a developer for $4 million. No permits are in place there.