5217 Delridge Way SW, Seattle, WA 98106
- $695,000
Listing courtesy of Westlake Associates, Inc..
- List Price
- $695,000
- Status
- ACTIVE
- MLS#
- 2295224
- Days on Market
- 14
- Annual Tax Ammount
- 4925.14
Property Description
Come realize a unique opportunity at 5217 Delridge Way SW where multiple possibilities for property use offers a savvy investor flexibility for their optimal investment strategy. The two separated structures on the lot can be leased out as retail, which is the present use, or as a single-family home with an ADU. The property offers exceptional street frontage along the Delridge major arterial road and its proximity to major thoroughfares like the West Seattle Bridge and direct access to downtown Seattle make it an ideal candidate for visibility. Set on a 4,968 square foot lot with NC2P-55 (M) zoning, the property also offers opportunities for future redevelopment and realizing the appreciation of high-density land value.
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Additional Information
- Community
- Delridge
- Style
- 75 - Retail
- Year Built
- 1947
- Roof
- Composition
- Tax Year
- 2024
- Potential Terms
- Cash Out, Conventional
- Driving Directions
- From downtown Seattle, on Alaskan Way S, take ramp onto Hwy 99 S. Use right lane ramp towards West Seattle Bridge. Take Delridge Way SW exit. Merge on Delridge Way SW. Site is on the right.
- Electric Expenses
- 2062
- Other Expenses
- 5021
- Energy Source
- Electric
- Buyer Agency Compensation
- 2.5
- Net Operating Income
- $29,396
- Gross Adjusted Income
- $44,232
- Gross Scheduled Income
- $46,560
- Water/Sewer/Garbage Expenses
- $2,598
- Cap Rate
- 4.2
- Vacancy Rate
- 5
- Total Expenses
- $14,835
Based on information submitted to the MLS GRID as of . 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.