Listing Provided Courtesy Of:
Keller Williams Downtown Sea and NWMLS
Address
2821 Thorndyke Avenue W Seattle, WA
Price
$ 2,750,000
Property Attributes
  • ID#1721118
  • TypeCommercial
  • CountyKING
  • CitySeattle
  • AreaQueen Anne-Magno
  • NeighborhoodMagnolia
  • Zip98199
  • StyleComm Bldg Ovr 10K
  • Year Built1953
  • Taxes$ 13373
  • Price$ 2,750,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size4,169 SqFt
Listing Provided Courtesy Of:
Keller Williams Downtown Sea and NWMLS
Data Source:
NWMLS
Property Description

Investor Alert - Opportunity to acquire a solid fully leased mixed use building featuring 4 residential units and 2 street level commercial units. LR3 zoning. Stellar Magnolia/Interbay location with a bold street presence just north of Downtown Seattle and future city growth. Prime location near shopping, restaurants, transit access, biking paths & parks. Strong rental history where vacancies are a rarity. Many updates to the building's systems and maintenance throughout ownership. 56' of commercial street frontage with large windows on main street. Monthly income of $13,334. Cap Rate:4.85% Lot size: 4,170 sq. ft. Abundant street parking

Price History
1/28/2021 Listed $2,750,000

General Features

Building Features Signage Included, Storage
Buildingareaunits Square Feet
Carport Y/N No
City Seattle
Co-Listing Agent Marlee Draper
County King
Directions Undisclosed. Please contact listing agent for location.
Electric Expense 4052
Exterior Features Brick, Metal/Vinyl, Wood
Flooring Concrete, Vinyl, Carpet
HOA Fee Frequency Not Specified
Insuranceexpense 4929
Interior Features Concrete
Listing Agent Name Tim Tilbury
MLS Area 700 - Queen Anne/Magno
Netoperatingincome 133575
Nwm Watersewergarbage 1572
Nwm Zoningclass Commercial, See Remarks
Possession Closing, Tenant's Rights
Possible Use Commercial, See Remarks
Property SubType Commercial Industrial
Property Type Commercial Sale
PropertyCondition Good
Roof Built-Up, Composition, Flat
Senior Community Y/N No
Sewer Sewer Connected
Special Listing Conditions None
Standard Status Active
Status Active
Street Name Thorndyke
Structure Type Unspecified
Subdivision Name Magnolia
Tax Annual Amount 13373
Tax Year 2020
Terms Cash Out, Conventional
Topography Level
Total Actual Rent 13334
Total Units 6
Utilities Sewer Connected, Electricity Available, Natural Gas Connected
Water Company Seattle Public Utilities
Year Built 1953

Interior Features

Electric On Property Y/N No
Fireplace Y/N No
Furnished Y/N Unfurnished
Heating Y/N Yes
Livingareaunits Square Feet
Power Production Type Electric, Natural Gas
Street Suffix Avenue

Exterior Features

Foundation Details Poured Concrete, Slab
Irrigation Water Rights Y/N No
Lot Dimensions 56 x 63 x 50 x 88
Lot Size Acres 0.0957
Lot Size Square Feet 4170
Lot Size Units Square Feet
Open Parking Y/N No
Site Frontage 53
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 98199

Price
AVG $1.94M
$2.75M
Taxes
AVG $11,348
$13,373
Visits
AVG 45
33
Year Built
AVG 1959
1953
Walkscore
AVG 68
74
Data Provided by Walkscore ® not using MLS data

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