Size Upon Req.$120,000
Income / Business
Well established business with loyal neighborhood clientele. Maximize income potential as owner operated store. Great selection of beer & wine are favorites for customers. Only store in the area within walking distance form a large community of residential/apartment community. Huge potential for the right owner!! Forced sale due to health reasons.
Built in the roaring 20' s these are sister buildings located on a corner lot with commanding southerly views. Each building is 3 stories, with a basement and 8 car parking garage. In addition to the garages there are 13 open stalls behind the building. 4 units per floor resulting in each unit being a corner unit with great light and views. The basement houses 1 studio unit as well as a laundry room and 2 large unused areas. Updated plumbing & electrical with tenant paid baseboard heat and common central electric hot water. Units feature hardwood floors, kitchens with eating areas, coved ceilings, large closets and tile bathrooms. Both buildings have intercom entry with a central foyer. The laundry room is located in the basement of the Los Altos and includes two sets of machines.
Turnkey building at 6.22 % Cap rate on in place rents. Most recent turnovers have seen large rent increases. Market Rents based on most recent leasing has a market cap rate of 7.14%. Fannie loan has to be assumed estimated balance of $3,200,000 at 4.67%. Building shows very well and currently running close to 100% occupancy. Please arrange tour request at least 48 hours ahead of time. Ascending rents on a monthly basis.
The former United Iron Works Building is an approximately 27,508 square foot building situated on approximately 1.15 acres of land in the south park industrial area of Seattle.
The property has had many updates and improvements with select units being remodeled. Several of the units have dishwashers and their own washer and dryers installed. Units have electric heat and feature hardwood floors. Common laundry room and basement area for storage. There is approximately 1,000 SF of basement space. Large parking lot in the back. This corner lot is zoned L-2 with approximately 7,900 SF of land. L-2 zoning allows per the City of Seattle DPD a 2 to 3-story lowrise apartment building or townhouses with a density limit of one unit per 1,200 SF of lot area and a maximum of 40% lot coverage (50% for townhouses). This is an excellent apartment investment that a Buyer can have a pride of ownership property white enjoying good cash flow and appreciation.
The property consists of 1,094 square feet of commercial space located on the ground floor of the Tremezzo condominium building. The layout is functional and flexible with an entry area leading into three private office suites, an attractive waiting room and a break room with a kitchen. Both the waiting room and the break room feature half bathrooms for the convenience of tenants and clients. The interior walls of the unit that separate the offices feature a high level of sound proofing that create a very quiet work environment. There are two conveniently located reserved parking spaces allotted to the unit in the secure covered garage and ample street parking in front of the unit and in the surrounding area.
Built in 1950, the property consists of 10 - 1BD/1BTH units averaging approximately 635 sf, with select units having been remodeled. Situated on a corner lot, the property contours the street in an L shape and benefits from a nicely landscaped and secluded courtyard garden in back. The apartments feature hardwood floors and well laid out kitchens and bathrooms. Large vinyl windows allow for an abundance of natural light. Residents enjoy the convenience of individual entry in the front and back of units and on-site laundry facilities. Storage lockers are provided for each unit and ample on-street parking is available within the neighborhood.
Income / Business
Prime multi-family development site. 23,000+ SF parcel with frontage on both 19th and 20th Ave. zoned NC240. Urban village overlay and frequent transit corridor. Wonderful high demand rental area. Good access to employment centers and amenities. This is a highly desirable urban environment location. The land has a slight grade from East to West.
Perfect space for an individual professional. Commercial Condo Space on ground floor with individual entrance. Located conveniently by Northgate with easy access to I-5. Unit completely remodeled in 2004 with new electric panel, commercial grade carpet, tile, paint, blinds and light fixtures. Building is well maintained with new windows, siding, and was re-roofed in 2008. Buyer to verify square footage and zoning uses.