1600 N 45th St
Seattle WA 98103
1600 N 45th Street
1600 N 45th St Seattle WA 98103
Listing #: 666948 | Status: Pending | Last Modified: 4/18/2024 |
For Sale
- Phone:(206) 300-8909
- Email:david@westlakeassociates.com
- Office Name:Westlake Associates, Inc.
- Office Phone:(206) 505-9400
- Office Website:
- Agent Phone:(206) 812-9137
- Agent Email:chad@westlakeassociates.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 2,195,000.0
- $/SF$ 537.3
- $/Unit$ 2,195,000.0
- Listing StatusPending
- Days on Market342
- Asset ClassRetail, Multi-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income145,464
- Vacancy Factor %6.05%
- Operating Expenses24,638
- Net Operating Income112,029
- CAP Rate 3.85 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- Crane Count
- Crane Tonnage0
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Second Road Front
- Grade Level Door Count
- Tennant Improvement Allowance
- CAP Rate 3.85 %
- Building StatusExisting
- # of Buildings1
- # of Floors2
- # of Units
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF5281
- Net Rentable Area4085
- Total Office SF
- Largest Contiguous SF
- Lot SF5881
- Acres0.14
- Property TypeRetail
- Office Type
- Building ClassC
- CountyKing
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaFremont/Ballard
- Tax ID #4083803140
- Additional Parcels
- ZoningNC2P-55(M)
- Year Built1955
- Year Renovated
- Completion Date
- Roof Type
- Construction Type
Wallingford Drive-Thru Mixed-Use/Residential For S
Owner Financing Available! Westlake Associates, Inc., is pleased to bring to market the Wallingford Mixed-Use Building. This is a rare opportunity to own a high exposure street-level mixed-use building on a hard corner of Wallingford’s main commercial drag. Built in 1955, the property consists of three residential apartment units situated above and behind the 1,560 sq. ft. retail space and 250 sq. ft. office space. The unit mix of the residential apartments consists of two 600 sq. ft. one bedrooms and one 725 sq. ft. two-bed-room unit. In addition, the property sits on a corner lot measuring 5,890 square feet and is zoned NC2P-55 (M) which makes for more multiple exit strategies. Walk score 98/100 and a Bike Score 92/100 make this a prime location within walking distance to shopping, di