319 Nickerson Street, Seattle, WA 98109

$4,750,000

Listing courtesy of Ballard Realty, Inc.. Selling Office: Ballard Realty, Inc..

Sold Price
$4,750,000
List Price
$6,975,000
Status
SOLD
MLS#
1521767
Closing Date
Apr 24, 2020
Days on Market
92
Annual Tax Ammount
33910

Property Description

Right in the heart of Fremont is this large development property or repurpose the existing 28,309 sq. ft. building and have ample parking to go with. Current use is a mini-storage building and has two floors with an elevator. Current tenants are month to month. The property is split into two parcels and has an alley between. Nice level lot with 294 feet of street frontage. Terrific street exposure. Zoning CZ-55.

Additional Information

Community
Westlake
Building Condition
Average
Style
61 - Comm Bldg Ovr 10K
Year Built
1918
Tax Year
2018
Potential Terms
Cash Out, Conventional
Interior Features
Forced Air
Driving Directions
Driving south on Fremont Ave N cross the bridge and the property is on your right.
Other Expenses
98239
Net Operating Income
$197,823
Gross Adjusted Income
$345,849
Water/Sewer/Garbage Expenses
$9,967
Cap Rate
2.8
Total Expenses
$148,026
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