2209 2nd Ave

Seattle, WA 98121
  • $3,650,000
  • STATUS: Pending
  • ON SITE: 358 days
  • ID#: 936479
Under Contract
$3,650,000
  • 0
    BEDS
  • 0.1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1910
County:

School Ratings & Info

Listing Courtesy of Windermere R.E. Wall St. Inc..

Description

Unbeatable Belltown location close to the financial district, waterfront & SLU. Currently 100% occupied w/ 3 retail tenants & 1 apartment unit. Major rent upside upon lease renewals or add value & increase income by converting 2nd floor back to apartment units. All retail tenants on NNN leases expiring summer of 2017/2018. The zoning allows for up to an 8-story structure to be built on the lot. Excellent opportunity for an owner-user, investor or developer to acquire property in downtown Seattle

The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Ben Kinney Real Estate Team - Keller Williams Western Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2017-04-27T00:16:53.43.

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www.home4investment.com/homes/62319528

2209 2nd Ave Seattle, WA 98121

  • Price: $3,650,000
  • Status: Pending
  • ID#: 936479
0
Beds
0
Baths
0
½ Baths
0.1
Acres
1910
Built
Neighborhood:
Belltown
County:
King
Area:
Belltown/Downtown Seattle
Property Description
Unbeatable Belltown location close to the financial district, waterfront & SLU. Currently 100% occupied w/ 3 retail tenants & 1 apartment unit. Major rent upside upon lease renewals or add value & increase income by converting 2nd floor back to apartment units. All retail tenants on NNN leases expiring summer of 2017/2018. The zoning allows for up to an 8-story structure to be built on the lot. Excellent opportunity for an owner-user, investor or developer to acquire property in downtown Seattle
Exterior Features

Building Condition Good Exterior BrickWoodWood Products Lot Depth 108 Lot Dimensions 42 X 108 Lot Topography And Vegetation LevelSloped Site Frontage 42 Style 60 - Comm Bldg Und 10K Total Covered Parking Spaces 0 Total Uncovered Parking Spaces 5 Waterfront Footage 0

Interior Features

Building Sq Ft 3960 Ceiling Height 10-13 Floor Covering ConcreteFir/SoftwoodHardwood Heating And Cooling Wall Office Sq Ft 0 Total Sq Ft Rented 3960

Property Features

Assessed Value Improvements 0 Assessed Value Land 0 Assessed Value Total 0 Assessed Value Year 0 Available Pads 0 Bank Owned No Boundary Survey 4.00 Cap Rate N Commercial Features Signage IncludedStorage Electrical Expenses 0 Energy Source Electric Environment Survey N EPSEnergy 0 Expansion Area Y Form17 Provided General Zoning Classification CommercialMulti-FamilyOfficeResidentialRetailSee Remarks Gross Adjusted Income 166200 Gross Rent Multiplier 21 Gross Scheduled Income 166200 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 3616 Lot Number 10 Net Operating Income 141136 Other Expenses 5190 Pad Ready N Possession ClosingSub. Tenant's Rights Power Company Seattle City Light Power Service Amps 0 Right Of First Refusal No Sewer Sewer Connected Sewer Company Seattle Public Utils Tax Amount 10858 Tax Year 2016 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 25064 Total Expenses TEX 25064 Total Monthly Rent 12001 Vacancy Rate 0 Water Company Seattle Public Utils Water Sewer Garbage 5400 Water Source Public Zoning Jurisdiction City

Listing information © 2017 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Ben Kinney Real Estate Team - Keller Williams Western Realty and should be verified by the buyer.
The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Ben Kinney Real Estate Team - Keller Williams Western Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2017-04-27T00:16:53.43.

Click here for Digital Millennium Copyright Act
Ben Kinney Real Estate Team - Keller Williams Western Realty
2211 Rimland Drive Suite 124
Bellingham WA, 98226
Listing Courtesy of Windermere R.E. Wall St. Inc..