SODO 4TH AVE S. Retail FOR SALE


Seattle, WA
$9,350,000 USD
425-455-9976
, Seattle, WA for Sale
$9,350,000 USD
Retail - FOR SALE
1/1
null | 5.35% Cap Rate

SODO 4TH AVE S.
Seattle, WA


HIGHLIGHTS

  • 2 parcels (766620-5515 & 766620-5520) comprising a total of 50,100 square feet of land
  • 3211 South parcel (Gull fueling station) is approximately 2,400 SF
  • 3201 North parcel is a 12,600 SF building with two tenants which provides buyer with stable income stream
  • Potential for future re-development
  • Zoning: Seattle – IG1 U/85 Industrial
  • Access to I-5, Highway 99, I-90 and the Port of Seattle is excellent.

OVERVIEW

The highly visible subject property is situated at the signalized Northwest corner of 4th Avenue S. and S. Horton Street. in the heart of SODO. The property includes 2 parcels comprising a total of 50,100 square feet of land. The south parcel (Fueling Station) is approximately 2,400 SF. The ground lease tenant has occupied the property since 1984. The north parcel is a 12,600 SF building with two tenants. The property provides a buyer with a stable income stream and the potential for future re-development. Access to I-5, Highway 99, I-90 and the Port of Seattle is excellent. The property presents a rare opportunity for now and the future in the heart of SODO. Gas Station Ground Lease Tenant will adjust to a market lease rate in 2024, their current lease rate is significantly below market.

ASK ABOUT THIS PROPERTY

John ZunickWallace Properties, Inc.More Info
425-455-9976

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John ZunickWallace Properties, Inc.More Info
425-455-9976

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