Seattle, WA 98199,2455 32nd AVE W
Seattle, WA 98199,2455 32nd AVE W
Seattle, WA 98199,2455 32nd AVE W
Seattle, WA 98199,2455 32nd AVE W
Seattle, WA 98199,2455 32nd AVE W
Seattle, WA 98199,2455 32nd AVE W
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Listed by Windermere Real Estate Midtown
Bought with ZNonMember-Office-MLS

$3,830,000

$3,840,000

0.3%
Est.Price: ?

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Est. payment /mo

0.5 Acres Lot


SOLD DATE : 06/08/2023

Key Details

Sold Price $3,830,000

Property Type Commercial

Sub Type Commercial Industrial

Listing Status Sold

Purchase Type For Sale

Subdivision Magnolia

MLS Listing ID 2040191

Sold Date 06/08/23

Style 60 - Comm Bldg Und 10K

Year Built 1959

Annual Tax Amount $39,465

Lot Size 0.499 Acres

Property Description

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.

Location

State WA

County King

Area 700 - Queen Anne/Magnolia

Interior

Interior Features Concrete, Laminate Hardwood

Flooring Concrete, Laminate

Fireplace false

Exterior

Exterior Feature Wood, Wood Products

Roof Type Flat

Building

Sewer Sewer Connected

Water Public

Others

Senior Community No

Acceptable Financing Cash Out, Conventional

Listing Terms Cash Out, Conventional

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Northwest MLS (NWMLS)

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Cory Willliams

Team Leader/Broker | License ID: 108348

+1(206) 612-1566

1612 Cole St., Enumclaw, WA, 98022

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