7301 5th Avenue NE Unit #Unit A, Seattle, WA 98115
Courtesy of Windermere Real Estate Co.
- $875,000
- List Price
- $875,000
- Status
- ACTIVE
- Days on Market
- 472
- Price Change
- ▼ $50,000 1775006444
- MLS#
- 2444053
- Subtype
- Commercial Sale
- Style
- 73 - Office
- Year Built
- 1999
- Subdivision
- Green Lake
- Neighborhood
- Green Lake
- MLS Area Major
- Ballard/Greenlake
Property Description
AMAZING PRICE REDUCTION! This ground-floor commercial condo is just 2 blocks from Greenlake in a thriving commercial district. Lovely finish work throughout, designed as a series of medical/therapy rooms, with a conference room, an ADA bath, a kitchen, and a private office with storage area. It is fully leased by a single tenant through April 2028, with a 5.25% CAP - even at the current below-market rental rate. Current tenant pays no NNN, and if option to extend is exercised, monthly rate can be increased substantially to reflect gross market rates (anticipate leap to CAP of 8%). Two designated covered parking spaces adjoin the space, and another parking space inside the secure underground parking garage is included in the title (elevator access to ground floor). Close to the new Swedish Medical Center at Greenlake, buses and I5.
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Additional Information
- Property Description
- 73 - Office
- Heating
- Forced Air
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