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Listed by Windermere Real Estate Midtown
$ 3,500,000
Est. payment /mo
Active
2221 Queen Anne AVE N Seattle, WA 98109
5,400 Sqft Lot
UPDATED:
12/17/2024 08:24 AM
Key Details
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Active
Purchase Type For Sale
Subdivision Queen Anne
MLS Listing ID 2313581
Style 60 - Comm Bldg Und 10K
Year Built 1990
Annual Tax Amount $21,006
Lot Size 5,400 Sqft
Lot Dimensions 45 x 120
Property Description
Incredible opportunity to acquire a prime property with 45 FT of street frontage on top of Queen Anne Hill! Half of the 7,836 SF building is retail space occupied by a long-term tenant (F45 Gym) on a NNN lease. The remaining 3,918 SF is being used by the current owner for car storage --- providing a new owner with the flexibility to use the discreet 10+ car garage themselves, or lease it out for additional income. Annual rent and NNN reimbursement from the retail tenant is $130,319. Tenant has 3% annual base rent increases until 7/31/29 plus one 5-year option to extend at market rate. Extremely well-built building with interior ADA lift, air conditioning, and newer roof. 5,400 SF lot zoned NC2P-55(M). Please don't disturb current tenant.
Location
State WA
County King
Area 700 - Queen Anne/Magnolia
Interior
Interior Features Concrete
Flooring Concrete, Engineered Hardwood
Fireplace false
Exterior
Exterior Feature Brick, Wood, Wood Products
Roof Type Flat
Building
Sewer Sewer Connected
Water Public
Others
Senior Community No
Acceptable Financing Cash Out, Conventional, Owner Financing
Listing Terms Cash Out, Conventional, Owner Financing
"Three Trees" icon indicates a listing provided courtesy of NWMLS.