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3404 NE 55 Street

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3404 NE 55 Street

3404 NE 55 St, Seattle, WA 98105
Retail,Multi-Family For Sale Available Cap Rate 2.95% Built 1931 1 floors Zoning: NC1-40(M)
Asking Price
$2,000,000
Total Building2,800 SF
Available2,800 SF avail
Land4,487 SF land
Parking Total2
& Uncov.
ConstructionWood
MarketU-District
CountyKing

Read Overview
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Overview

Property ID
293938
Listing ID
694077
Type
Retail
Asset Class
Retail,Multi-Family
Zoning
NC1-40(M)

Description

Excellent investment opportunity in the North Seattle Bryant area, near University Village. This multi-unit property has a great rental history with long-term tenants. Alley access offers additional parking as well as a 2-car garage. The lot itself is zoned NC1-40 which allows development of a mixed-use property that would allow both residential and retail. Build up to the height limits and encompass a spectacular view in a sought-after neighborhood. You could keep the property as an investment, use it as an owner-occupied business, or offset your holding costs with rental income while obtaining development permits. This is a win-win-win!

Listing Courtesy of:

GF
Glenda Fabrizio
Windermere Real Estate Co. - Ballard Branch
2636 NW Market St.,
Seattle, WA 98107
State: WA City: Seattle ZIP: 98105 Type: For Sale

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Disclaimer: The information contained in this listing has not been verified by Muljat Commercial and should be verified by the buyer.