Listing Provided Courtesy Of:
Berkshire Hathaway HS NW and NWMLS
Address
5440 California Avenue SW Seattle, WA
Price
$ 2,150,000
Property Attributes
  • ID#1740139
  • TypeCommercial
  • CountyKING
  • CitySeattle
  • AreaWest Seattle
  • NeighborhoodAlaska Junction
  • Zip98136
  • StyleRetail
  • Year Built1923
  • Taxes$ 9894
  • Price$ 2,150,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size7,501 SqFt
Listing Provided Courtesy Of:
Berkshire Hathaway HS NW and NWMLS
Data Source:
NWMLS
Property Description

Amazing investment in excellent West Seattle location with NEW Multi Year/Multi Term NNN Lease (Started March 1, 2021) that produces $174,000 net annual income (with 3% annual increases). Current tenant (Canna) is a well established 502 Cannabis Store and the building has been extensively upgraded for 502 compliance. This pristine property is Zoned NC240 (Excellent future development potential) and is strategically located on California Avenue. Very Rare Opportunity!

Price History
3/23/2021 Listed $2,150,000

General Features

Buildingareaunits Square Feet
Carport Y/N No
City Seattle
Co-Listing Agent Sean Stolte
County King
Directions Located on East side of California Avenue SW between SW Brandon St and SW Findlay St.
Exterior Features Stucco, Wood
Insuranceexpense 3893
Listing Agent Name Tracy E. Harris
MLS Area 140 - West Seattle
Netoperatingincome 174000
Nwm Zoningclass Multi-Family, Office, Residential
Possession Closing, See Remarks, Tenant's Rights
Possible Use Multi-Family, Office, Residential
Property SubType Commercial Industrial
Property Type Commercial Sale
Roof Composition
Senior Community Y/N No
Sewer Sewer Connected
Special Listing Conditions None
Standard Status Active
Status Active
Street Name California
Structure Type Retail
Subdivision Name Alaska Junction
Tax Annual Amount 9894
Tax Year 2021
Terms Cash Out
Topography Level, Sloped
Utilities Sewer Connected, Natural Gas Connected
Water Company Seattle Public Utilities
Year Built 1923

Interior Features

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

Exterior Features

Covered Spaces 2
Foundation Details Poured Concrete
Irrigation Water Rights Y/N No
Lot Dimensions 50 X 150
Lot Number 9
Lot Size Acres 0.1722
Lot Size Square Feet 7500
Lot Size Units Square Feet
Open Parking Y/N No
Parking Uncovered Total 8
Site Frontage 50
Total Parking 10
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 98136

Price
AVG $1.72M
$2.15M
Taxes
AVG $9,800
$9,894
Visits
AVG 36
63
Year Built
AVG 1962
1923
Walkscore
AVG 83
83
Data Provided by Walkscore ® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.