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6301 24th Avenue NW

Seattle, WA 98107
  • $1,695,000
  • STATUS: Active
  • ON SITE: 169 days
  • ID#: 1731019
UPDATED: 32 min ago
$1,695,000
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1928
County:

School Ratings & Info

Listing Courtesy of Paragon Real Estate Advisors.

Description

Well located retail building on the corner of 63rd and 24th in the heart of the quickly growing Ballard neighborhood. The property consists of well known retail tenants including Olafs bar, Rupee Bar, Primal Screenings, and Contrology Pilates Studio. Olafs bar recently expanded their footprint at the building in 2019. The property presents a current 5.2% cap rate with further upside on the below market rents. The property is situated on a 5,000 square foot corner lot zoned NC1-55 (M) presenting an owner with future redevelopment potential. The Ballard retail center offers an investor the opportunity to own a pride of ownership building in an A+ Ballard location

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The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Better Homes and Gardens Real Estate McKenzie Group are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-08-05T10:13:53.427.

www.bhgmckenzie.com/homes/114279773
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6301 24th Avenue NW Seattle, WA 98107

  • Price: $1,695,000
  • Status: Active
  • Updated: 32 min ago
  • ID#: 1731019
0
Beds
0
Baths
0
½ Baths
0.11
Acres
1928
Built
Neighborhood:
Ballard
County:
King
Area:
Ballard/Greenlake
Property Description
Well located retail building on the corner of 63rd and 24th in the heart of the quickly growing Ballard neighborhood. The property consists of well known retail tenants including Olafs bar, Rupee Bar, Primal Screenings, and Contrology Pilates Studio. Olafs bar recently expanded their footprint at the building in 2019. The property presents a current 5.2% cap rate with further upside on the below market rents. The property is situated on a 5,000 square foot corner lot zoned NC1-55 (M) presenting an owner with future redevelopment potential. The Ballard retail center offers an investor the opportunity to own a pride of ownership building in an A+ Ballard location
Exterior Features

Carport YN No Exterior Features Brick Foundation Details Poured Concrete Open Parking YN No Parking Total 0 Roof Flat Structure Type Unspecified Style Code 60 - Comm Bldg Und 10K

Interior Features

Fireplace YN No Furnished Unfurnished

Property Features

Electric Expense 0 Electric On Property YN No First Right Of Refusal False Fuel Expense 0 Gross Adjusted Income 109543 Gross Scheduled Income 115308 Insurance Expense 3571 Irrigation Water Rights YN No Listing Terms Conventional Net Operating Income 87607 Possible Use Commercial Property Sub Type Commercial Industrial Sewer Sewer Connected Special Listing Conditions None Tax Annual Amount 14264 Tax Year 2020 Total Expenses 21938 Utilities Sewer Connected Water Sewer Garbage 1103 Zoning Class Commercial Zoning Jurisdiction City

Listing information © 2021 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Better Homes and Gardens Real Estate McKenzie Group and should be verified by the buyer.


The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Better Homes and Gardens Real Estate McKenzie Group are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-08-05T10:13:53.427.

 
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Better Homes and Gardens Real Estate McKenzie Group
19188 Eighth Avenue NE
Poulsbo WA, 98370
Listing Courtesy of Paragon Real Estate Advisors.