20036 19th Ave NE - Office FOR SALE


Shoreline, WA 98155
$1,250,000 USD
425-818-2655
20036 19th Ave NE, Shoreline, WA for Sale
$1,250,000 USD
Office - FOR SALE
1/2
null | Request Cap Rate

20036 19th Ave NE
Shoreline, WA 98155


HIGHLIGHTS

  • After remaining stagnant for nearly 30 years, Shoreline’s population has surged by more than 20% over the past decade.
  • Situated just off I-5, this property offers access to major highways, employers, Ballinger Village Shopping Center, and Shoreline School District.
  • Proximity to accessible transit

OVERVIEW

The property is leased with a lease expiration in May 2025. There are two strategies, namely one for a developer and another strategy for a user. For the developer, the tenant is interested in renewing, which could provide interim income for a developer looking to build multifamily on the site. For a user, given there is no renewal option, a user could occupy the building after the lease expiration date in May 2025.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$650 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1948

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,538 SF

ZONING

CB

APN/PARCEL ID

741770-0575

ASK ABOUT THIS PROPERTY

Scott RoweLee & Associates Commercial Real Estate ServicesMore Info
425-818-2655

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Scott RoweLee & Associates Commercial Real Estate ServicesMore Info
425-818-2655

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.