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1471 Building

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1471 Building

1471 1481 NW 85th St, Seattle, WA 98117
Retail,Multi-Family For Sale Available Cap Rate 3.5% Built 1949 2 floors Zoning: NC3P-75(M1)
Asking Price
$2,750,000
Total Building8,525 SF
Available8,229 SF avail
Land8,276 SF land
ConstructionFramed,Masonry,Wood
MarketFremont/Ballard
CountyKing

Read Overview
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Overview

Property ID
115237
Listing ID
695319
Type
Retail
Asset Class
Retail,Multi-Family
Suite #
3
Zoning
NC3P-75(M1)

Description

Investment opportunity in Ballard! 8458 rentable sf in this mixed-use building. 3 units on street and 1 large residential apartment on 2nd floor. There are two long-term tenants in the retail spaces, and one 1500sf vacant unit (owner occupy?). The restaurant and upstairs tenant are month-to-month, the hookah lounge has a lease until 2028 with an option to extend. Being situated right next to Safeway at a busy intersection, this location gets lots of exposure and high foot-traffic! Rents are under market value, pro forma financials have been used for the vacant unit.

Listing Courtesy of:

EN
Eric Nissen
Real Property Associates
7500 Roosevelt Way NE,
Seattle, WA 98115-4316
State: WA City: Seattle ZIP: 98117 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.