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612 S 227th St
Des Moines, WA 98198 Des Moines Beach

$1,300,000 USD

Apartments Condo For Sale  •  3,282 SF

Property Details

  • Property Type Apartments
  • Total Building Size 23,200 SF
  • Lot Size 0.55 AC
  • Building Class C
  • Year Built 2000
  • Cap Rate 6.00 %
  • Zoning DC, Des Moines
30 Transit Score
50 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit COML Office/Retail 3,282 SF $1,300,000 USD
  • Unit Size: 3,282 SF
  • Condo Use: Office/Retail
  • Price: $1,300,000 USD
  • Sale Type: Investment or Owner User
  • Price/SF: $396.10 USD
Description
Opportunity to acquire an approximately 3,282 SF corner ground-floor commercial condominium near the Des Moines Marina and waterfront. The property offers an owner-user the opportunity to own and control its business premises rather than lease, while vacant delivery provides an investor with the opportunity to pursue lease-up.

The existing professional office buildout includes 9 private offices, one large conference room/library, a dedicated reception and waiting area, kitchen, three restrooms and substantial storage. Several offices are generously sized and can accommodate conference or meeting-room use, providing flexibility for a range of professional office users.

The unit includes 9 parking spaces and benefits from ground-floor commercial presence near the Marina, waterfront, restaurants, parks and downtown Des Moines amenities, with convenient access to I-5, SR-509 and Sea-Tac Airport.

Commercial Unit is identified as 600 S 227th St #COML in property records. Commercial entrance and mailing address is 612 S 227th St.

The condominium declaration provides for office and retail use. Buyers to verify that their specific intended use complies with applicable zoning and condominium requirements.

Highlights

9 parking spaces
Ground-floor commercial presence
Existing professional office buildout
Delivered vacant
Office& retail use per condominiumdeclaration
Near Des Moines Marina & waterfront

Property Flyers

Cap Rate: 6.00 %

Major Tenants

Tenant SF Occupied Lease End Date
Des Moines Dollars For Scholars
Regeimbal McDonald Pllc
Snure Law Office P S C

Amenities

  • Conference Rooms

Public Transportation

Commuter RailDriveWalkDistance
12 min - 6.1 mi
12 min - 6.1 mi
AirportDriveWalkDistance
Seattle-Tacoma International 14 min - 5.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 9
Type: Surface
Included in Rent: Yes
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