18414 103rd Avenue NE, Bothell, WA 98011
- $1,750,000
Listing courtesy of Da Li International Realty LLC.
- List Price
- $1,750,000
- Status
- ACTIVE
- MLS#
- 2200592
- Days on Market
- 76
- Annual Tax Ammount
- 7621
Property Description
Highly sought-after opportunity to own a piece of thriving Downtown Bothell! Owner-user, rental investment or multi-family development; 5 min walk from the Husky Village; This unique commercial building is located on a flat 7,080 sq ft lot in the heart of DT Bothell. Rent increase potential w/ flexible lease terms allows developer buyer to collect rents while permitting for development. The property has the valuable DN zoning suitable for development of townhomes, apartments, condominiums or mixed use designs. Owner has explored feasibility of a couple of creative concepts: developing the full site with 15 loft units or keeping the existing building and developing the half site with 9 loft units. Buyer to verify to his own satisfaction.
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Additional Information
- Community
- Downtown Bothell
- Building Condition
- Good
- Style
- 60 - Comm Bldg Und 10K
- Year Built
- 1940
- # of Assigned Spaces
- 10
- Roof
- Composition
- Tax Year
- 2024
- Interior Features
- Wall to Wall Carpet, Laminate
- Flooring
- Laminate, Vinyl, Carpet
- Driving Directions
- I-405 N, Exit 24, left at the light , right on NE 185th left on 103rd Ave NE, property on left.
- Electric Expenses
- 4737
- Other Expenses
- 1500
- Energy Source
- Electric
- Buyer Agency Compensation
- 3
- Net Operating Income
- $67,131
- Gross Adjusted Income
- $87,929
- Gross Scheduled Income
- $87,929
- Water/Sewer/Garbage Expenses
- $4,934
- Cap Rate
- 3.8
- Total Expenses
- $20,798
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