$3,500,000
For Sale

2221 Queen Anne Avenue N

Seattle, WA 98109
Listing OfficeWindermere Real Estate Midtown
Browse 39 photos
Type:Purchase
Structure:Industrial
Zone:Commercial

Description

Incredible opportunity to acquire a prime property with 45 FT of street frontage on top of Queen Anne Hill! Half of the 7,836 SF building is retail space occupied by a long-term tenant (F45 Gym) on a NNN lease. The remaining 3,918 SF is being used by the current owner for car storage --- providing a new owner with the flexibility to use the discreet 10+ car garage themselves, or lease it out for additional income. Annual rent and NNN reimbursement from the retail tenant is $130,319. Tenant has 3% annual base rent increases until 7/31/29 plus one 5-year option to extend at market rate. Extremely well-built building with interior ADA lift, air conditioning, and newer roof. 5,400 SF lot zoned NC2P-55(M). Please don't disturb current tenant.

  • Property Details
      • Exterior MaterialsBrick, Wood, Wood Products
      • Style60 - Comm Bldg Und 10K
      • Property SubtypeCommercial Industrial
      • Date ListedDecember 03, 2024
      • FoundationPoured Concrete
      • Sewer InformationSewer Connected
      • Structure TypeUnspecified
      • SubdivisionQueen Anne
      • Original List Price$3,500,000
      • InteriorConcrete
      • Property TypePurchase
      • Taxes Annual$21,006
      • MLS #2313581
      • Cost3500000
      • MLS #2313581
      • Utility SourcePublic
      • Acres0.124
      • Year Built1990
      • CountyKing
      • Property ConditionGood
      • Days on Market (Cumulative)17
Tom ElliottReal Estate Group
$
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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annually
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monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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