14235-14237 Ambaum Blvd SW
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14235-14237 Ambaum Blvd SW
10,146 SF 100% Leased Retail Building Burien, WA 98166 $2,000,000 ($197/SF) 5% Cap Rate
Investment Highlights
- Room to increase rents 20%
- Mix used opportunity within a captive market
- High visibility high traffic corridor with easy access to transportation
Executive Summary
Highmark Partners is pleased to present a prime mixed-use property for sale in Burien, WA. This property offers a unique investment opportunity with its strategic mix of residential and commercial units.
Three residential units each featuring 3 bedrooms and 1.5 bathrooms, avg 1,180 square feet.
Commercial Units: 5 units, comprising retail and office spaces. Offered at an attractive basis of $199 per square foot, a Current Cap Rate 5%. Room to increase rents by 20%, enhancing overall returns.
High Visibility in prime location with excellent exposure and parking, ensuring consistent foot traffic and tenant interest.
Three residential units each featuring 3 bedrooms and 1.5 bathrooms, avg 1,180 square feet.
Commercial Units: 5 units, comprising retail and office spaces. Offered at an attractive basis of $199 per square foot, a Current Cap Rate 5%. Room to increase rents by 20%, enhancing overall returns.
High Visibility in prime location with excellent exposure and parking, ensuring consistent foot traffic and tenant interest.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
10,146 SF
Building Class
C
Year Built
1956
Price
$2,000,000
Price Per SF
$197
Cap Rate
5%
NOI
$100,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.38
Lot Size
0.62 AC
Zoning
O
Parking
30 Spaces (2.96 Spaces per 1,000 SF Leased)
Frontage
160 FT on Ambaum
Amenities
- Bus Line
- Storage Space
Walk Score®
Very Walkable (80)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,148,800 | |
| Land Assessment | $515,100 | Total Assessment | $1,663,900 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$515,100
Improvements Assessment
$1,148,800
Total Assessment
$1,663,900
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14235-14237 Ambaum Blvd SW
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