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2814 Martin Luther King Jr Wy S
Seattle, WA 98144

  • $1,499,888
  • STATUS: Pending Feasibility
  • ON SITE: 189 days
  • ID#: 1027533
Under Contract
UPDATED: 85 min ago
$1,499,888
  • 0
    BEDS
  • 0.26
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1960
County:

School Ratings & Info

Listing Courtesy of Skyline Properties, Inc..

Description

Fully leased strip mall across from Mt. Baker Sound Transit & transfer station, next to Franklin High School. Leases have 180-day termination clauses for owner/user. Buy and hold or develop site. Seattle Hair/Ethiopian Restaurant is 1 tenant, Lao/Thai Restaurant, & caterer. New roof 2007, poly-separation sheet overlay. Can build 36 residential units, 4-stories, with 3,000sf retail. Setback in rear due to residential homes & 8' sewer easement. 20% affordable housing units required by City.

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 2017-03-28T20:16:32.

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www.home4investment.com/homes/66670534

2814 Martin Luther King Jr Wy S Seattle, WA 98144

  • Price: $1,499,888
  • Status: Pending Feasibility
  • Updated: 85 min ago
  • ID#: 1027533
0
Beds
0
Baths
0
½ Baths
0.26
Acres
1960
Built
Neighborhood:
Mt Baker
County:
King
Area:
Central Seattle/Genesee/Columbia Cty
Property Description
Fully leased strip mall across from Mt. Baker Sound Transit & transfer station, next to Franklin High School. Leases have 180-day termination clauses for owner/user. Buy and hold or develop site. Seattle Hair/Ethiopian Restaurant is 1 tenant, Lao/Thai Restaurant, & caterer. New roof 2007, poly-separation sheet overlay. Can build 36 residential units, 4-stories, with 3,000sf retail. Setback in rear due to residential homes & 8' sewer easement. 20% affordable housing units required by City.
Exterior Features

Building Condition Average Construction Methods Standard Frame Exterior Wood Foundation Poured Concrete Lot Depth 75 Lot Dimensions 131'X75' Roof Flat Site Frontage 131 Style 60 - Comm Bldg Und 10K Total Covered Parking Spaces 0 Total Uncovered Parking Spaces 13 Waterfront Footage 0

Interior Features

Building Sq Ft 6000 Heating And Cooling Forced Air Office Sq Ft 0 Total Sq Ft Rented 6000

Property Features

Assessed Value Improvements 228000 Assessed Value Land 686800 Assessed Value Total 914800 Assessed Value Year 2016 Available Pads 0 Bank Owned No Boundary Survey 5.10 Cap Rate N Commercial Features Signage Included Electrical Expenses 0 Energy Source Natural Gas Environment Survey N EPSEnergy 0 Form17 Not Provided Free And Clear Y General Zoning Classification BusinessCommercialMulti-FamilyRetail Gross Adjusted Income 0 Gross Rent Multiplier 17 Gross Scheduled Income 88152 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 1660 Net Operating Income 76862 Other Expenses 3120 Pad Ready N Possession Sub. Tenant's Rights Power Company Seattle City Light Power Service Amps 0 Right Of First Refusal No Sewer Company City Of Seattle Tax Amount 0 Tax Year 0 Terms Cash Out Third Party Approval Required Other - See Remarks Total Expenses EXP 0 Total Expenses TEX 0 Total Monthly Rent 7346 Vacancy Rate 0 Water Company City Of Seattle Water Sewer Garbage 2903 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 2017-03-28T20:16:32.

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 Skyline Properties, Inc..