2611 California Ave SW
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2611 California Ave SW
9,100 SF Retail Building Seattle, WA 98116 $2,500,000 ($275/SF) 6.69% Cap Rate
Investment Highlights
- Prime Mixed-Use Space
- Diversified Income Streams
- Strategic Location
Executive Summary
Introducing 2611 California Ave a standout mixed-use property in West Seattle. This property features 9,100 SF of space. Mudbay Pet Company is the street level anchor tenant and occupies 3,570 SF, the top floor consists of three 545 SF 1 bdr 1 bth apartments and a 395 SF studio, and the basement is a 3,500 SF storage warehouse. The excellent location ensures high visibility and accessibility, making it a prime spot for both commercial operations and residential convenience. With its combination of diversified income streams and strategic positioning, 2611 California Ave represents an exceptional investment opportunity in a vibrant urban setting. Ideal for those looking to capitalize on the unique mix of retail, residential, and flex spaces.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
9,100 SF
Building Class
C
Year Built
1924
Price
$2,500,000
Price Per SF
$275
Cap Rate
6.69%
NOI
$167,295
Tenancy
Single
Building Height
3 Stories
Building FAR
1.61
Lot Size
0.13 AC
Zoning
NC2P-55(M) - Neighborhood Commercial
Parking
4 Spaces (0.44 Spaces per 1,000 SF Leased)
Frontage
50 FT on California Ave SW
Walk Score ®
Walker's Paradise (91)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 927620-0025 | Improvements Assessment | $1,270,300 |
Land Assessment | $993,400 | Total Assessment | $2,263,700 |
PROPERTY TAXES
Parcel Number
927620-0025
Land Assessment
$993,400
Improvements Assessment
$1,270,300
Total Assessment
$2,263,700
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2611 California Ave SW
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