16042 1st Ave S - Auto Dealership FOR SALE


Burien, WA 98148- Normandy Park
$11,000,000 USD
206-926-9292
16042 1st Ave S, Burien, WA for Sale
$11,000,000 USD
Auto Dealership - FOR SALE
1/10
null | Request Cap Rate

16042 1st Ave S
Burien, WA 98148
Normandy Park


HIGHLIGHTS

  • Corner location on signalized intersection at 1st Avenue South and Ambaum Boulevard South in Burien
  • ±2.99-acre site across three parcels totaling ±130,049 SF
  • Fully occupied by Burien Nissan on a NNN lease with no landlord responsibilities
  • 23,850 SF full-service dealership with 15 service bays

OVERVIEW

Burien Nissan is a 23,850 SF full-service automobile dealership located on 2.99 acres at 16042 1st Avenue South in Burien. The three-parcel assemblage totals 130,049 SF and occupies the corner of 1st Avenue South and Ambaum Boulevard South. The site is improved with two buildings and is fully occupied by Burien Nissan under a NNN lease with no landlord responsibilities. The main dealership building was completed in 2006, and a 900 SF photobooth building was added in 2018. The 23,850 SF of rentable area includes approximately 8,737 SF of showroom/parts space, 8,628 SF of service area, 4,435 SF of mezzanine office space, a 1,150 SF parts mezzanine, and the 900 SF photobooth building. The service department features 15 service bays. The property offers approximately 550 feet of frontage along 1st Avenue South and approximately 665 feet along Ambaum Boulevard South, with access from both streets and strong visibility at a signalized corner intersection. The asset is centrally located in Burien near Five Corners Shopping Center and Downtown Burien, with direct connectivity to Washington State Route 518, Interstate 5, Washington State Route 509, King County Metro, and nearby light rail stations.

FOR SALE DETAILS

PRICE

$11,000,000 USD

PRICE/SF

$475 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Burien Nissan

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Dealership

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

250

LAND DETAILS

LAND ACRES

3 AC

LAND SF

130,680 SF

ZONING

CC-2

APN/PARCEL ID

292304-9089,292304-9292,292304-9449

ASK ABOUT THIS PROPERTY

Mike KingKidder MathewsMore Info
206-926-9292

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Mike KingKidder MathewsMore Info
206-926-9292

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.