215 Meriweather St #2 - Storefront FOR SALE


Pacific Beach, WA 98571
$1,100,000 USD
206-214-5468
215 Meriweather St #2, Pacific Beach, WA for Sale
$1,100,000 USD
Storefront - FOR SALE
1/13
null | 5% Cap Rate

215 Meriweather St #2
Pacific Beach, WA 98571


HIGHLIGHTS

  • Prime retail location with the highest foot traffic, neighbors include Vista Bakery, Sweet Life Ice-cream, Frontager's Pizza and Fresh Foods Market
  • Option to Convert upstairs into Live/Work residential unit/Vacation rental
  • Seabrook is poised for explosive growth and home sales - boom town

OVERVIEW

This is a rare investment or owner-user opportunity in Seabrook, a luxurious Northwest vacation destination and beach town located on the rugged Washington Coast overlooking the Pacific Ocean. The Salty Dog building is in the center of Seabrook's Town Center/Retail district on Meriweather Street. It was designed to house the oldest operating business in Seabrook, a high-end pet boutique. The ample 1,703 sq. ft. retail space boasts 18-ft. ceilings, polished concrete floors, and a mezzanine. The storefront is suitable for one or two retail concepts. This year, the seller secured permission to convert the upstairs into a residential unit for up to 2bd to add to a vacation rental program, making it Live/Work unit an option. Additional Business Opportunity: The Salty Dog, the town's only pet store, is also available. This established and beloved business complements the property and provides an immediate revenue stream for entrepreneurial buyers. Investment Potential: Whether you continue operating the space as a thriving retail hub or convert it into a living space, this property offers unmatched potential in the New Urbanist community of Seabrook.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$651 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding, Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

Mixed/ Town Center

APN/PARCEL ID

816200000200

ASK ABOUT THIS PROPERTY

Susi MusiCompassMore Info
206-214-5468

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Susi MusiCompassMore Info
206-214-5468

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