3305-3309 NE 125th St | Seattle, WA 98125
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3305-3309 NE 125th St
Seattle, WA 98125
Barton Building · Office Property For Sale
Executive Summary
The Barton Building has been well maintained over the years and has a flexible layout. Four commercial tenants occupied the building at one point. Currently, there are two residential units, one 2 bedroom and 1 studio apartment and two further commercial units. The leases are short term in nature allowing for an upside for an investor or opportunity for an owner/user.
The Barton Building is located in Lake City the northern suburb of Seattle, just two blocks off of the arterial Lake City Way NE. A quick 10-minute shot south down 35th Avenue NE to the University of Washington and only 17 minutes to Downtown Seattle via I-5.
The Barton Building is located in Lake City the northern suburb of Seattle, just two blocks off of the arterial Lake City Way NE. A quick 10-minute shot south down 35th Avenue NE to the University of Washington and only 17 minutes to Downtown Seattle via I-5.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
3,400 SF
Building Class
C
Year Built
1946
Price
$1,195,000
Price Per SF
$351
Cap Rate
6%
NOI
$71,700
Percent Leased
10%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
3,400 SF
Building FAR
0.77
Lot Size
0.10 AC
Zoning
NC2P40
Parking
6 Spaces (1.76 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 882290-0005 | Improvements Assessment | $252,200 |
| Land Assessment | $352,000 | Total Assessment | $604,200 |
PROPERTY TAXES
Parcel Number
882290-0005
Land Assessment
$352,000
Improvements Assessment
$252,200
Total Assessment
$604,200
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