Waterwheel Retail Building

7034 15th Ave NW Seattle WA 98117

Listing #: 603387 | Status: Expired |

For Sale

7034 15th Ave NW Seattle WA 98117

Agent Information
Showing Instructions
Call Listing AgentYes
Use DiscretionYes

Chad Martini

(206) 812-9137
chad@paragonrea.com

David Petersen

(206) 623-8413
dwp@paragonrea.com

Paragon Real Estate Advisors

(206) 623-8880

Listing Information
Price
Listing Price$ 995,000
$/SF$ 663.33
Listing StatusExpired
Asset ClassRetail
Investment Information
Investment PropYes
Gross Income$ 42,852
Vacancy Factor %0.00%
Operating Expenses$ 7,852
Net Operating Income$ 35,000
CAP Rate3.52 %
Associated Files
Property Information
Building Information
Building StatusExisting
# of Buildings1
# of Floors1
# of Units1
Total Building Sq/ft1,500
Net Rentable Area1,500
Lot Sq/ft4,250
Acres0.1
Property Type
Property TypeRetail
InvestmentYes
Location
CountyKing
Market AreaFremont/Ballard
Tax ID #0461003045
ZoningNC2P40
Construction
Year Built1942
Year Renovated1955
Roof TypeTorch down
Construction TypeMasonry

Public Comments: GREAT Seller Financing NNN Investment opportunity with future development potential! Long running business with two years left on lease with 5 year option to market rates. VERY rare to find a property under a million dollars with seller financing available. The property is highly visible and centrally located in the North Ballard community with convenient access to the freeway down 85th Ave NW, RapidRide Bus line to downtown and a surplus of other neighborhood amenities

Showing Instructions: Tenants unaware of sale. Please do not disturb the tenants.

Public Building Comments: Stand alone building in Ballard. Keep existing tenants or redevelop. Good visibility from this location

Search Tags: Stand-Alone, Bar/Tavern/Night Club,

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