2221 Queen Anne Avenue N
Seattle, WA 98109
0.12 acres | #2313581
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.
Property Details
- Exterior MaterialsBrick, Wood, Wood Products
- Style60 - Comm Bldg Und 10K
- Property SubtypeCommercial Industrial
- Date ListedDecember 03, 2024
- FoundationPoured Concrete
- Sewer InformationSewer Connected
- Structure TypeUnspecified
- SubdivisionQueen Anne
- Original List Price$3,500,000
- InteriorConcrete
- Property TypePurchase
- Taxes Annual$21,006
- MLS #2313581
- Cost3500000
- MLS #2313581
- Utility SourcePublic
- Acres0.124
- Year Built1990
- CountyKing
- Property ConditionGood
- Days on Market (Cumulative)24
Legal
The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.
Based on information submitted to the MLS GRID as of 2024-12-23 22:17:08. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Last Updated: . Source: NWMLS
Listing Courtesy
Listing Agent: Lauren Hendricks (#NWM49708)
Listing Office: Windermere Real Estate Midtown (#NWM7083)
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