5440 California Ave SW, Seattle, WA 98136

$2,150,000

Listing courtesy of Berkshire Hathaway HS NW.

List Price
$2,150,000
Status
ACTIVE
MLS#
1740139
Days on Market
30

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!

Additional Information

Community
Alaska Junction
Property Type
COMI
Building Condition
['Remodeled']
Style
75 - Retail
Year Built
1923
Exterior
Stucco, Wood
Roof
Composition
Annual Taxes
$9,894
Tax Year
2021
Potential Terms
Cash Out
ENS
Natural Gas
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