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Listed by:Kelly Right RE of Seattle LLC • Sihem Chamakh
$ 2,300,000
Est. payment /mo
Active
1521 -1523 3rd AVE Seattle, WA 98101
6,485 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Active
Purchase Type For Sale
Subdivision Seattle
MLS Listing ID 2586986
Style 75 - Retail
HOA Fees $3,754/mo
Year Built 1913
Lot Size 6,485 Sqft
Property Sub-Type Commercial Industrial
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.
Location
State WA
County King
Area 701 - Belltown/Downtown Seattle
Interior
Flooring Concrete
Fireplace false
Exterior
Exterior Feature Cement/Concrete
Roof Type Flat
Building
Sewer Sewer Connected
Water Public
Others
Senior Community No
Acceptable Financing Conventional, Owner Will Carry
Listing Terms Conventional, Owner Will Carry
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
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