Bellevue’s five state liquor stores sold for a combined $813,300 in online auctions.
The Washington State Liquor Control Board began auctioning its stores March 15 to meet the requirements of voter-approved initiative 1183, which required the state to get out of the booze business.
The winners of the Bellevue locations are:
• Bellevue downtown, 1100 Bellevue Way NE – DreamX LLC of Albany, Ill., for $210,100
• Northtowne, 2616 Bellevue Way NE – Kulbir Singh of Brazil, Ind., for $210,100
• Overlake, 14315 NE 20th St., Suite B – Jeff Brown of Bellevue for $175,000
• Crossroads, 15600 NE 8th St., No. K-7 – Devinder S. Sahota of Vacaville, Calif., for $136,000
• Factoria, 3630 Factoria Blvd. SE – Khosrow Eshaghi of Yakima for $80,100
The WSLCB awarded 121 bidders license application rights for the 167 state-run stores. The winning bidders earned exclusive rights to apply for a liquor license at the stores’ current locations — allowing the buyers to potentially sell liquor in stores under the required 10,000-square-foot minimum.
The state sold its 167 stores for a total of $30.75 million. The most expensive bid was for $750,100 for a store in Tacoma, while the lowest bid was for $49,600 for a store in Spokane.
Large stores can begin selling hard liquor as soon as June 1.