For more information on this listing, please contact...
Horizon Real Estate
206-650-3406
Email
  • Listing #:
    • 1137992
  • Price:
    • $4,500,000
  • Status:
    • Pending Feasibility
  • Property Type:
    • Commercial
  • Type:
    • Comm Bldg Und 10K
  • # of Acres:
    • 0.33
  • Lot Sq.Ft.:
    • 14,375
  • Year Built:
    • 1946
  • Address:
    • 4501 38 Ave SW
  • Community:
    • Alaska Junction
  • City:
    • Seattle
  • County:
    • King
  • State:
    • WA
  • Zip:
    • 98126
  • Terms:
    • Cash Out, Conventional
  • Right of 1st Refusal:
    • No
QR Code

Description
Prime, Prime Location W/ This Incredible Investment/development Opportunity In The Heart Of The Thriving Alaska Junction Of West Seattle. Very Unique Property Offers The Option To Keep Current National Tenants In Place For A Solid Cash Flow Investment (7,500 Sf Building), And /or Extensive Future Development Possibilities W/ 14,375 Sf Of Nc 365 Zoning That Would Allow For Approximately 80 Residential Units W/ Excellent Views. Absolutely Amazing Location Next To Trader Joe's. Great Opportunity!
Property Features
  • Misc Details
    • Boundary Survey:
      • - No
    • Environment Survey:
      • - Yes
    • Free And Clear:
      • - Y
    • Form 17:
      • - Provided
  • Assessments
    • Year Value Assessed:
      • - 2016
    • Total Assessed Value:
      • - $24,447,000.00
    • Land Assessed Value:
      • - $2,443,700.00
    • Improved Assessed Value:
      • - $1,000.00
  • Tax Details
    • Tax Year:
      • - 2016
    • Tax Expense:
      • - $23,454.00
  • Income / Expenses
    • Gross Rent Multiplier:
      • - 22
    • Cap Rate -NOI Div LP:
      • - 4.00
    • Net Operating Costs:
      • - $177,071.00
    • Insurance Expenses:
      • - $3,125.00
    • Other Expenses:
      • - $1,251.00
    • Total Expenses:
      • - $27,830.00
    • Total Expenses:
      • - $27,830.00
    • Gross Scheduled Income:
      • - $204,901.00
  • Parking
    • Total Uncovered Parking:
      • - 20
  • Build Sq Ft
    • Approx. Building Sq. Ft.:
      • - 7,500.00
  • Building Details
    • Features:
      • - Sprinklered
    • Floor Covering:
      • - Concrete
      • - Vinyl
    • Heating And Cooling:
      • - Wall
    • Exterior:
      • - Cement / Concrete
    • Roof:
      • - Torch Down
  • Lot Details
    • Block:
      • - 58
    • Lot Number:
      • - 1
      • - 2
      • - 3
      • - 4
      • - 5
    • Depth Of Lot:
      • - 115
    • Lot Dimensions:
      • - 125' X 115'
    • Site Frontage:
      • - 125
  • Land Details
    • Expansion Area:
      • - No
    • Topography:
      • - Level
  • Utilities
    • Energy Source:
      • - Electric
      • - Natural Gas
    • Power Company:
      • - Seattle
    • Sewer:
      • - Sewer Connected
    • Sewer Company:
      • - Seattle
    • Water Company:
      • - Seattle
    • Water Source:
      • - Public
  • Zoning
    • General Zoning Classification:
      • - Commercial
      • - Multi-family
      • - See Remarks
    • Zoning Jurisdiction:
      • - City
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For more information on this listing, please contact...
Horizon Real Estate
206-650-3406
Email

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