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Listed by Highmark Partners
$2,000,000
Est. payment /mo
0.62 Acres Lot
UPDATED:
07/25/2024 04:13 AM
Key Details
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Active
Purchase Type For Sale
Subdivision Burien
MLS Listing ID 2263116
Style 73 - Office
Year Built 1956
Annual Tax Amount $17,734
Lot Size 0.620 Acres
Property Description
Prime mixed-use property for sale in the thriving community of Burien, WA. This property offers a unique investment opportunity with its strategic mix of residential and commercial units. Property Details: Residential Units: 3 units, each featuring 3 bedrooms and 1.5 bathrooms Commercial Units: 5 units, comprising retail and office spaces Offered at an attractive $199 per square foot Current Cap Rate: 5% Room to increase rents by 20%, enhancing overall returns High Visibility: Prime location with excellent exposure, ensuring consistent foot traffic and tenant interest
Location
State WA
County King
Area 130 - Burien/Normandy Park
Interior
Interior Features Laminate Hardwood
Flooring Laminate
Fireplace Yes
Exterior
Exterior Feature Wood
Roof Type Flat
Building
Sewer Sewer Connected
Water Public
Others
Senior Community No
Acceptable Financing See Remarks
Listing Terms See Remarks
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