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3101-3105 W Jameson St

2,600 SF 100% Leased Retail Building Seattle, WA 98199 $899,000 ($346/SF) 5.04% Cap Rate

Storefront Properties Washington Seattle 3101-3105 W Jameson St, Seattle, WA 98199

Investment Highlights

  • 100% Occupied
  • Below market rents makes property strong value add candidate.

Executive Summary

BRING ALL OFFERS Income producing property with steady rents located in one of Seattle’s desired Magnolia neighborhoods near the Lawton Park area . Operate it as-is or redevelop with NC155(M) Zoning and a 5398 sf lot. Property is being sold "AS IS ". Seller has no information or reports as to the condition of the property. Current rents are under market and all tenants are current on their rents. Property represents strong value add potential with pro forma market cap rate at 4.96%.

Attachments

3101 W JamesonSt $1,350,000
3101 W JamesonSt $1,350,000
3101 W Jameson St O-M $1,350

Property Facts

Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront
Building Size
2,600 SF
Building Class
C
Year Built
1961
Price
$899,000
Price Per SF
$346
Cap Rate
5.04%
NOI
$45,311
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.50
Lot Size
0.12 AC
Zoning
NC140
Parking
12 Spaces (4.62 Spaces per 1,000 SF Leased)
Frontage
101 FT on Jameson St

Amenities

  • Bus Line
  • Signage
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Nearby Major Retailers

9Round Fitness & Kickboxing
Tacotime
Fitness 19
Quality Food Centers
Starbucks
Anthony's
Umpqua Bank
Chase Bank
Pho Than Brothers
US Bank

PROPERTY TAXES

Parcel Number 701070-0620 Improvements Assessment $1,000
Land Assessment $1,079,600 Total Assessment $1,080,600

PROPERTY TAXES

Parcel Number
701070-0620
Land Assessment
$1,079,600
Improvements Assessment
$1,000
Total Assessment
$1,080,600
(360) 920-7053

Contact

  • Listing ID: 23363915

  • Date on Market: 6/10/2021

  • Last Updated:

  • Address: 3101-3105 W Jameson St, Seattle, WA 98199

More public record information on 3101-3105 W Jameson St, Seattle, WA 98199

The Retail Property at 3101-3105 W Jameson St, Seattle, WA 98199 is currently available for sale. Contact RE/MAX on the Lake for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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3101-3105 W Jameson St
(360) 920-7053 x

3101-3105 W Jameson St

Rick Mouw

(360) 920-7053

(360) 920-7053

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