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Listed by:Windermere Real Estate Co. • Janet Irons
$875,000
Est. payment /mo
Active
7301 5th AVE NE #Unit A Seattle, WA 98115
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Key Details
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Active
Purchase Type For Sale
Subdivision Green Lake
MLS Listing ID 2444053
Style 73 - Office
HOA Fees $902/mo
Year Built 1999
Annual Tax Amount $7,117
Property Sub-Type Commercial Industrial
Property Description
AMAZING PRICE REDUCTION! This ground-floor commercial condo is just 2 blocks from Greenlake in a thriving commercial district. Lovely finish work throughout, designed as a series of medical/therapy rooms, with a conference room, an ADA bath, a kitchen, and a private office with storage area. It is fully leased by a single tenant through April 2028, with a 5.25% CAP - even at the current below-market rental rate. Current tenant pays no NNN, and if option to extend is exercised, monthly rate can be increased substantially to reflect gross market rates (anticipate leap to CAP of 8%). Two designated covered parking spaces adjoin the space, and another parking space inside the secure underground parking garage is included in the title (elevator access to ground floor). Close to the new Swedish Medical Center at Greenlake, buses and I5.
Location
State WA
County King
Area 705 - Ballard/Greenlake
Interior
Fireplace false
Others
Senior Community No
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Suzzy Wilder-Poe
Managing Broker | License ID: 23037933, SA707443000, 768055