Provided by NWMLS, Listed by Lauren Hendricks, Windermere Real Estate Midtown

2455 32nd Avenue W

Seattle, WA, 98199

$3,840,000

$3,840,000
Active
Active
 - For Sale
property_type
Commercial
calendar
Built 1959
Two parcels totaling 21,750 SF in the heart of Magnolia Village and home to the long-term tenant, Magnolia Garden Center. This property is one of the largest parcels in Magnolia Village with commercial zoning and is on the market for the very first time. 2455 32nd Ave W is a 7,975 SF corner lot with a 1,912 SF building and is zoned NC2P-55 (M). 3213 W Smith St is a 13,775 SF lot with a 1,968 SF building and is zoned NC2-55 (M). Single tenant on a NNN lease occupies both properties with a lease through Dec 2028 plus one 5-year option to extend. NOI currently $58k, increasing to $68k on 1/1/24 with 3% annual increases thereafter. Incredible location and once-in-a-lifetime opportunity to acquire nearly half an acre of land in Magnolia Village.
MLS® ID:
2040191
Listed:
3/1/23
Updated:
3/27/23

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Interior Features
Concrete, Laminate Hardwood
Floor Description
Concrete, Laminate
Heating
Forced Air

Exterior/Building Features

Lot Size
0.5 acres lot
Exterior Features
Wood, Wood Products
Architectural Style
Unspecified
Roof
Flat
Sewer
Sewer Connected

Other Property Details

Area Name
700 - Queen Anne/Magno
Taxes
$39465
Tax Frequency
per YEAR
Garage
No
Parking
13
Parking Total
13.0
View
N
County
King
Water Source
Public
Pool
No
Buyer Agency Compensation
2.5

Provided by NWMLS, Listed by Lauren Hendricks, Windermere Real Estate Midtown

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Data last updated 9:01 AM UTC, 3/27/23

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