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2534483658
Real Estate Company
1521 -1523 3rd Avenue, Seattle, WA 98101
- $2,300,000
Listing Broker: Kelly Right RE of Seattle LLC; Sihem Chamakh; 425-419-6724; schamakh@kellyright.com
- List Price
- $2,300,000
- Status
- ACTIVE
- MLS#
- 2586986
- Days on Market
- 1
Property Description
9,233-SF OWNER/USER RETAIL COMMERCIAL CONDO WITH STABLE RENTAL INCOME IN PRIME DOWNTOWN SEATTLE Priced to Sell : $ 2,300,000 2 Suites with Ceiling Height of 18', in-suite bathrooms:- Suite # 1521: 6,867 SF (3,230 SF first floor + 3,637 SF fully functional mezzanine) - to vacate at closing. - Suite # 1523: 2,367 SF, leased. Stable income $8,235/mo. NNN with 3% annual escalations. Lease expires 11/2030, plus two 5-year renewal options.- Steps from Pike Place Market (20M+ annual visitors) and the newly transformed waterfront.- High traffic and high exposure on Pike –Pine Corridor.- Unparallel access to transit: several bus routes and adjacent to the Westlake light rail station.- Major employers within a few blocks.- Seattle ranks 3rd in the US for AI-sector growth- Owner-user upside: occupy one suite, lease the other- Owner/User or Value add investment- Highly flexible permitted uses- The Fischer Studio Building is a designated Seattle Historic Landmark. Potential tax incentive due to Historic designation. - Possible uses: grocery stores, restaurants, cafes, health club facilities, event venues, pharmacies, medical and dental practices, offices Confidential Broker-Only Remarks. Comments in this category are for broker’s use only.
Additional Information
- Community
- Seattle
- Building Condition
- Good
- Style
- 75 - Retail
- Year Built
- 1913
- Roof
- Flat
- HOA Dues
- $3,754
- Potential Terms
- Conventional, Owner Will Carry
- Flooring
- Concrete
- Driving Directions
- GPS
- Energy Source
- Electric
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.