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    5440 Leary Avenue NW , C-1

    Seattle, WA 98107
    • $1,995,000
    • STATUS: Active
    • ON SITE: 157 days
    • ID#: 1644819
    Price Reduced
    UPDATED: 63 min ago
    $1,995,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    2007
    County:

    School Ratings & Info

    Listing Courtesy of City Brokers Real Estate Llc.

    Description

    Great NNN Opportunity in Downtown Ballard! Modern commercial condo in newer (2007) building. Corner retail site with 2 street frontage! Solid single tenant user with more than 6 years remaining on lease; up to 10 year extension. Property includes 10 dedicated parking spaces. Net Operating Income currently $89,469/year (4.48 Cap Rate); increases to approximately $114,669/year in June of 2022.

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Keller Williams Western Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-01-15T12:14:21.13.

    www.kwbellingham.net/homes/108747275
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    5440 Leary Avenue NW , C-1 Seattle, WA 98107

    • Price: $1,995,000
    • Status: Active
    • Updated: 63 min ago
    • ID#: 1644819
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    2007
    Built
    Neighborhood:
    Ballard
    County:
    King
    Area:
    Ballard/Greenlake
    Property Description
    Great NNN Opportunity in Downtown Ballard! Modern commercial condo in newer (2007) building. Corner retail site with 2 street frontage! Solid single tenant user with more than 6 years remaining on lease; up to 10 year extension. Property includes 10 dedicated parking spaces. Net Operating Income currently $89,469/year (4.48 Cap Rate); increases to approximately $114,669/year in June of 2022.
    Exterior Features

    Carport YN No Covered Spaces 10 Exterior Features BrickWood Products Open Parking YN No Parking Total 10 Roof Torch Down Structure Type Retail Style Code 75 - Retail

    Interior Features

    Cooling YN Yes Fireplace YN No Flooring Concrete Furnished Unfurnished Heating Cooling Type Heat Pump Heating YN Yes

    Property Features

    Electric On Property YN No First Right Of Refusal True Gross Scheduled Income 119905 Insurance Expense 531 Irrigation Water Rights YN No Listing Terms Cash Out Net Operating Income 89469 Possible Use Commercial Power Production Type Electric Property Condition Good Property Sub Type Commercial Industrial Sewer Available Special Listing Conditions None Tax Annual Amount 16357 Tax Year 2020 Utilities Electricity Available Zoning Class Commercial Zoning Jurisdiction City

    Listing information © 2021 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Keller Williams Western Realty and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Keller Williams Western Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-01-15T12:14:21.13.

     
    https://bt-photos.global.ssl.fastly.net/nwmls/orig_boomver_1_1644819-1.jpg https://bt-photos.global.ssl.fastly.net/nwmls/orig_boomver_1_1644819-1.jpg https://bt-photos.global.ssl.fastly.net/nwmls/orig_boomver_1_1644819-1.jpg
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    Keller Williams Western Realty
    2211 Rimland Drive, Suite 124
    Bellingham WA, 98226
    Listing Courtesy of City Brokers Real Estate Llc.