12608 Renton Avenue S, Seattle, WA 98178
- $650,000
Listing courtesy of Keller Williams Downtown Sea. Selling Office: Keller Williams Downtown Sea.
- Sold Price
- $650,000
- List Price
- $650,000
- Status
- SOLD
- MLS#
- 1537962
- Closing Date
- Dec 24, 2019
- Days on Market
- 52
- Annual Tax Ammount
- 5767
Property Description
Highly Visibility Location in Skyway! Zoning is CBSO (Community Business Zone Special District Overlay). Allows for Multi-Family, Office, Retail & Mixed Use Development to be permitted up to 35'. Skyway is considered outside of Seattle City Limits. Building SQFT - 4,161 sitting on a 6,275 SQFT Lot. Single Tenant Retail Building, currently used by an Owner User for Storage. Proforma $15 / SQFT / Year / MG Lease | Proforma NOI: $44,315 | Proforma Cap Rate: 6.8%
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Additional Information
- Community
- Skyway
- Building Condition
- Average
- Style
- 75 - Retail
- Year Built
- 1968
- # of Assigned Spaces
- 6
- Roof
- Flat
- Tax Year
- 2019
- Potential Terms
- Cash Out, Conventional
- Interior Features
- Concrete
- Flooring
- Concrete
- Driving Directions
- Take I-5 S to WA-900 E/Martin Luther King Jr Way S in Tukwila. Take exit 157 from I-5 S, Continue on WA-900 E/Martin Luther King Jr Way S to your destination in Bryn Mawr-Skyway
- Net Operating Income
- $44,315
- Gross Scheduled Income
- $71,153
- Cap Rate
- 6.82
- Vacancy Rate
- 5
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