10000 Lake City Way NE, Seattle, WA 98125
- $2,350,000
Listing courtesy of Windermere Real Estate Co..
- List Price
- $2,350,000
- Status
- ACTIVE
- MLS#
- 1975571
- Days on Market
- 5
Property Description
Vintage car collectors, mechanics, cannabis processors/producers, and creative investors take note… this heavy timber, 3-story, 7,840sf commercial building features a 3,000sf clear-span garage/shop/showroom, under 3,200sf street level retail, & above 1,650sf of potential live-work space. Rare opportunity for Owner/User looking to shape their future. Income stability of long-term tenants; flexibility of short-term leases. Built 1987, 3-phase power, mid level 37’x80’, 8' clear height, 16' gar door, washroom & shower. Street level configured as 4 suites, gas heat, 6 parking stalls. Ground level 3/4 bath & laundry. NC3-55(m) zone allows I-502 use over 250’ from school, daycare & playground. FAR 3.75, means 64Ksf unused development capacity.
/u.realgeeks.media/soundmultifamily/operating-information.jpg)
Additional Information
- Community
- Meadowbrook
- Building Condition
- Good
- Style
- 60 - Comm Bldg Und 10K
- Year Built
- 1987
- # of Assigned Spaces
- 12
- Roof
- Tile
- Tax Year
- 2022
- Potential Terms
- Cash Out
- Interior Features
- Concrete, Wall to Wall Carpet
- Flooring
- Concrete, Carpet
- Driving Directions
- From I5 N take Lake City Way exit continue to 3rd bldg after NE 95th. From I5 S take NE 80th exit, left lane over freeway, east on 80th, left onto Lake City Way continue to 3rd bldg after NE 95th.
- Heating/Cooling Type
- Stove/Free Standing
- Electric Expenses
- 3250
- Other Expenses
- 715
- Energy Source
- Natural Gas
- Net Operating Income
- $74,448
- Gross Adjusted Income
- $95,076
- Gross Scheduled Income
- $100,080
- Water/Sewer/Garbage Expenses
- $2,250
- Cap Rate
- 3.17
- Vacancy Rate
- 5
- Total Expenses
- $20,628
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.