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6323 35th Ave SW

8,926 SF 100% Leased Retail Building Seattle, WA 98126 $3,900,000 ($437/SF) 5.05% Cap Rate

Retail Space Washington Seattle 6323 35th Ave SW, Seattle, WA 98126

Investment Highlights

  • 9,112 Square Feet of Building
  • 60 Parking places on site surrounding the building with two curb cuts
  • Building is located in the Morgan Junction neighborhood in West Seattle next to U-Haul and many other new developments

Executive Summary

Three Unit Building with long term Tenants of which two are on NNN Leases and the other a modified gross lease. Two of the Tenant Leases ends mid-year 2028, the other in June 2025 allowing for Future Development. Building upgrades include exterior painting in 2021, new roof
in 2022, 3 new roof top HVAC systems in the last 3 years

Attachments

6323 35th Ave SW

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
8,926 SF
Building Class
B
Year Built
1987
Price
$3,900,000
Price Per SF
$437
Cap Rate
5.05%
NOI
$197,136
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.30
Land Acres
0.68 AC
Zoning
NC240, Seattle - Neighborhood commercial
Parking
62 Spaces (6.95 Spaces per 1,000 SF Leased)
1 of 1
Walk Score ®
Very Walkable (76)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 387490-0020 Improvements Assessment $1,000
Land Assessment $2,994,500 Total Assessment $2,995,500

PROPERTY TAXES

Parcel Number
387490-0020
Land Assessment
$2,994,500
Improvements Assessment
$1,000
Total Assessment
$2,995,500
(206) 612-7877

  • Listing ID: 33611682

  • Date on Market: 10/23/2024

  • Last Updated:

  • Address: 6323 35th Ave SW, Seattle, WA 98126

More public record information on 6323 35th Ave SW, Seattle, WA 98126

The Retail Property at 6323 35th Ave SW, Seattle, WA 98126 is currently available For Sale. Contact Ewing & Clark, Inc. for more information.

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6323 35th Ave SW
(206) 612-7877 x

6323 35th Ave SW

Peter Argeres

(206) 612-7877

(206) 612-7877

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