12351 Lake City Way Ne

    Seattle, WA 98125
    • $5,400,000
    • STATUS: Active
    • ON SITE: 99 days
    • ID#: 1471754
    UPDATED: 67 min ago
    $5,400,000
    • 0
      BEDS
    • 0.35
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1946
    County:

    School Ratings & Info

    Listing Courtesy of John L. Scott, Inc..

    Description

    This is a prominent lake city building first time offered for sale in years. Six long term commercial tenants consist of Pony Express, KC Dental, CTC counseling, CPA, Allstate, Attorney and Point Property Mngt. 12 office spaces in total. Rents for three of the units have not changed for 9+ years and are below market value. 17 parking spaces in the back. These buildings have been well maintained by private ownership.

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Costello Team | Windermere Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-09-19T00:15:38.293.

    www.costelloteam.com/homes/95775113

    12351 Lake City Way Ne Seattle, WA 98125

    • Price: $5,400,000
    • Status: Active
    • Updated: 67 min ago
    • ID#: 1471754
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.35
    Acres
    1946
    Built
    Neighborhood:
    Lake City
    County:
    King
    Area:
    N.Seattle/UW/Wedgewood/V.Ridge/Lk Cty
    Property Description
    This is a prominent lake city building first time offered for sale in years. Six long term commercial tenants consist of Pony Express, KC Dental, CTC counseling, CPA, Allstate, Attorney and Point Property Mngt. 12 office spaces in total. Rents for three of the units have not changed for 9+ years and are below market value. 17 parking spaces in the back. These buildings have been well maintained by private ownership.
    Exterior Features

    Building Condition Very Good Exterior Brick Foundation Poured Concrete Lot Depth 150 Lot Topography And Vegetation Level Roof Torch Down Site Frontage 128 Style 73 - Office Total Covered Parking Spaces 0 Total Uncovered Parking Spaces 17 Waterfront Footage 0

    Interior Features

    Building Sq Ft 14548 Floor Covering HardwoodSee RemarksWall to Wall Carpet Heating And Cooling Heat Pump Office Sq Ft 14548 Total Sq Ft Rented 0

    Property Features

    Assessed Value Improvements 1681800 Assessed Value Land 842000 Assessed Value Total 2524500 Assessed Value Year 2019 Available Pads 0 Bank Owned No Boundary Survey 0.56 Cap Rate N Commercial Features Elevator Electrical Expenses 5520 Energy Source Natural Gas Environment Survey N EPSEnergy 0 Expansion Area N Form17 Provided Free And Clear Y General Zoning Classification Commercial Gross Adjusted Income 0 Gross Rent Multiplier 15 Gross Scheduled Income 365800 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 2200 Net Operating Income 307734 Other Expenses 26600 Possession Closing Power Company Pse Power Service Amps 0 Right Of First Refusal No Sewer Sewer Connected Sewer Company City Of Seattle Tax Amount 16258 Tax Year 2019 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 58066 Total Expenses TEX 58066 Total Monthly Rent 0 Vacancy Rate 20 Water Company City Of Seattle Water Sewer Garbage 7488 Water Source Private Zoning Jurisdiction City

    Listing information © 2019 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Costello Team | Windermere Real Estate and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Costello Team | Windermere Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-09-19T00:15:38.293.

     
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