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Listed by:Windermere Real Estate Midtown • Timothy Lenihan
$ 1,150,000
Est. payment | /mo
4,400 Sqft Lot
$ 1,150,000
Est. payment | /mo
4,400 Sqft Lot
Key Details
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Active
Purchase Type For Sale
Subdivision Lake City
MLS Listing ID 2507045
Style 60 - Comm Bldg Und 10K
Year Built 1946
Annual Tax Amount $5,834
Lot Size 4,400 Sqft
Lot Dimensions 54 x 110
Property Sub-Type Commercial Industrial
Property Description
Strong in-place income (current 7.6% cap rate!) with excellent development potential! The building is currently configured with two residential units (one two-bedroom and one studio) along with three commercial spaces, creating diversified and reliable income streams. The mixed-use layout offers flexibility for future repositioning or optimization based on market demand. The property offers a new owner the opportunity to adjust rents, refine the tenant mix, or utilize the space for partial or full owner occupancy. The standalone design enhances functionality and access, appealing to both residential tenants and commercial users alike. Located in a high-visibility area of Lake City, the property benefits from consistent foot and vehicle traffic, making it well-suited for retail or service-oriented businesses. NC55 zoning adds further versatility and long-term value.
Location
State WA
County King
Area 710 - North Seattle
Interior
Flooring Concrete, Laminate, Vinyl
Fireplace false
Exterior
Exterior Feature Wood, Wood Products
Roof Type Flat
Building
Sewer Sewer Connected
Water Public
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
Nearby Schools & Businesses
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RSVP Real Estate Group
Real Estate Firm | License ID: 17634
Real Estate Firm License ID: 17634