119 Cedar Street, Seattle, WA 98121

$1,530,000

Listing courtesy of Venture Real Estate Group LLC. Selling Office: Venture Real Estate Group LLC.

Sold Price
$1,530,000
List Price
$1,660,000
Status
SOLD
MLS#
1791274
Closing Date
Apr 26, 2022
Days on Market
268
Annual Tax Ammount
10485

Property Description

Venture Real Estate Group is pleased to present the Cedar St Condominiums. Rare income opportunity, three solid producing commercial condominium spaces in the heart of downtown Seattle in the historic Belltown neighborhood. High-visibility frontage along Cedar St & 2nd Ave. Investment or Owner-User opportunity. Current leases are all NNN with historically low vacancies. Current rents are below market with opportunity to capture higher market lease rate and maximize income. Perfect opportunity to build your office or retail business in the growing and vibrant Belltown Seattle market.All units are ground level built to suit retail/office needs. All units have great street and corner intersection exposure. Short walk to Space Needle, Pike Pl

Additional Information

Community
Belltown
Style
60 - Comm Bldg Und 10K
Year Built
1980
Tax Year
2020
Potential Terms
Cash Out, See Remarks
Driving Directions
Take Union Street South, North on 4th Ave, left on Cedar Street
Electric Expenses
5367
Other Expenses
18249
Energy Source
Electric
Net Operating Income
$95,273
Gross Adjusted Income
$95,273
Gross Scheduled Income
$98,220
Water/Sewer/Garbage Expenses
$1,327
Cap Rate
5.74
Vacancy Rate
3
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright. Data last updated at .

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks