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.
|
DAYS ON MARKET
|
23
|
LAST UPDATED
|
12/9/2024
|
|
TRACT
|
Queen Anne
|
YEAR BUILT
|
1990
|
|
COMMUNITY
|
Queen Anne
|
COUNTY
|
King
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Commercial
|
| AIR |
Heat Pump |
| AIR CONDITIONING |
Yes |
| AREA |
700 - Queen Anne/Magnolia |
| CONSTRUCTION |
Brick, Wood Siding |
| HEAT |
Electric, Heat Pump |
| INTERIOR |
Concrete |
| LOT |
5401 sq ft |
| LOT DESCRIPTION |
Level, Sloped |
| LOT DIMENSIONS |
45 x 120 |
| STYLE |
60 - Comm Bldg Und 10K |
| SUBDIVISION |
Queen Anne |
| TAXES |
21006 |
| UTILITIES |
Sewer Connected |
| WATER |
Public |
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