Bought with The Preview Group
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5440 California AVE SW Seattle, WA 98136
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Key Details
Sold Price $2,000,000
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Sold
Purchase Type For Sale
Subdivision Alaska Junction
MLS Listing ID 1740139
Sold Date 07/27/21
Style 75 - Retail
Year Built 1923
Annual Tax Amount $9,894
Lot Size 7,500 Sqft
Lot Dimensions 50 X 150
Property Description
Amazing investment in excellent West Seattle location with NEW Multi Year/Multi Term NNN Lease (Started March 1, 2021) that produces $174,000 net annual income (with 3% annual increases). Current tenant (Canna) is a well established 502 Cannabis Store and the building has been extensively upgraded for 502 compliance. This pristine property is Zoned NC240 (Excellent future development potential) and is strategically located on California Avenue. Very Rare Opportunity!
Location
State WA
County King
Area 140 - West Seattle
Interior
Interior Features Forced Air
Fireplace false
Exterior
Exterior Feature Stucco, Wood
Utilities Available Sewer Connected, Natural Gas Connected
Roof Type Composition
Building
Sewer Sewer Connected
Water Public
Others
Senior Community No
Acceptable Financing Cash Out
Listing Terms Cash Out
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