3101-3105 W Jameson St - Storefront FOR SALE


Seattle, WA 98199
$899,000 USD
360-920-7053
3101-3105 W Jameson St, Seattle, WA for Sale
$899,000 USD
Storefront - FOR SALE
1/3
null | 5.04% Cap Rate

3101-3105 W Jameson St
Seattle, WA 98199


HIGHLIGHTS

  • 100% Occupied
  • Below market rents makes property strong value add candidate.

OVERVIEW

BRING ALL OFFERS Income producing property with steady rents located in one of Seattle’s desired Magnolia neighborhoods near the Lawton Park area . Operate it as-is or redevelop with NC155(M) Zoning and a 5398 sf lot. Property is being sold "AS IS ". Seller has no information or reports as to the condition of the property. Current rents are under market and all tenants are current on their rents. Property represents strong value add potential with pro forma market cap rate at 4.96%.

FOR SALE DETAILS

PRICE

$899,000 USD

PRICE/SF

$346 USD /SF

CAP RATE

5.04%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

NC140

APN/PARCEL ID

701070-0620

ASK ABOUT THIS PROPERTY

Rick MouwRE/MAX on the LakeMore Info
360-920-7053

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Rick MouwRE/MAX on the LakeMore Info
360-920-7053

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