Capitol Hill nightclub and venue Chop Suey, located at 1325 E Madison St, is for sale. The venue has been on the market since August 3, and currently maintains itself at a monthly rent of $13,000.
Chop Suey opened in 2001 and has since made a name for itself as a notable music and live comedy venue in Seattle. The club’s talent buyer, Jodi Ecklund, told The Stranger that the rental rate for the venue is a key proponent in the decision to sell it.
“Even with a thriving club like Chop Suey, that [rental rate] is not sustainable,” Ecklund said.
According to Zillow, the current asking price for the 5,250 square-foot venue is $99,950. Ecklund said that the latest development in selling the venue is that this price is significantly lower than the original asking price.
“I have heard there are some interested parties and I have been contacted by a few folks for more insight,” Ecklund said. “At this point I am just booking shows and it’s business as usual. I hope that if someone is to take over, they would want me to stay on board. I’m just taking it as it comes and will figure out an alternate plan once I know more about the longevity.”
Chop Suey isn’t the only venue that has faced this in recent years — local bar The Comet Tavern was shut down after more than 80 years due to financial complexities, and was reopened after it was bought by Lost Lake owners Jason Lajeunesse and Dave Meinert in November of 2013. The Comet’s return was an example of the city preserving a renowned historical venue in the Capitol Hill neighborhood.
“My number one concern is that if Chop Suey is purchased, I hope it is by someone who values the local music scene,” Ecklund said.