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.
MLS# | 2347969 |
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Listing Type | For Sale |
Style | Commercial |
Sub-Type | Resale |
Status | Active |
Year | 1949 |
Days On Site | 22 |
Listing Provided By | Real Property Associates | Eric Nissen |
Units | 4 |
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Zoning | Commercial |
Acreage | 0.19 |
State | WA |
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County | King |
City | Seattle |
Zip Code | 98117 |
Area | 705 Ballard | Greenlake |
Community Name | Crown Hill |
Listing VS Median (In Crown Hill) | |
Price: $3,120,000 low | high Med: $785,000 On site: 22 low | high Med: 17.000000 |