14038 14040 Lake City Way NE, Seattle, WA 98125
- $805,000
Listing courtesy of Paragon Real Estate Advisors. Selling Office: Homes & Equity Real Estate Grp.
- Sold Price
- $805,000
- List Price
- $795,000
- Status
- SOLD
- MLS#
- 1205181
- Closing Date
- Nov 17, 2017
- Days on Market
- 14
- Annual Tax Ammount
- 6749
Property Description
The Lake City Commercial property was constructed in 1947 on a 13,193 square foot lot currently zoned NC2-40. The property is currently occupied by ACR Tire, a consignment shop and produces additional income from a billboard lease. Stabilize the investment with market rate leases or redevelop the property to take advantage of the density of NC2-40 zoning.
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Additional Information
- Community
- Lake City
- Style
- 75 - Retail
- Year Built
- 1947
- # of Assigned Spaces
- 5
- Roof
- Flat
- Tax Year
- 2017
- Potential Terms
- Cash Out
- Interior Features
- Concrete
- Flooring
- Concrete
- Driving Directions
- From I5 take exit 175 for WA 523 toward 5th Ave NE. Left on WA 523 E/ NE 145th St. Right on Lake City Way NE. Property is on the left.
- Other Expenses
- 1720
- Net Operating Income
- $36,579
- Gross Adjusted Income
- $45,862
- Gross Scheduled Income
- $48,276
- Cap Rate
- 4.6
- Vacancy Rate
- 5
- Total Expenses
- $9,283
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