1607 Dexter Ave N - Office FOR SALE


Seattle, WA 98109- Westlake
$2,995,000 USD
206-999-9161
1607 Dexter Ave N, Seattle, WA for Sale
$2,995,000 USD
Office - FOR SALE
1/24
null | 5.29% Cap Rate

1607 Dexter Ave N
Seattle, WA 98109
Westlake


HIGHLIGHTS

  • Approximately 7,000 SF stand-alone building with off-street parking in the coveted Westlake neighborhood of South Lake Union
  • Entire top floor is available for an owner-user to occupy immediately upon closing, plus collect the income from the existing office/retail tenants
  • Walls of windows with incredible views of South Lake Union and hard to find off-street parking for 6 vehicles
  • Unbeatable location and opportunity for an investor seeking stable cashflow or an owner-user who wants rental income to offset the mortgage
  • Long-term happy tenants in place plus an entire floor and space for an owner-user to occupy

OVERVIEW

Exceptionally located stand-alone building with off-street parking in a highly visible location along Dexter Ave N. Located just minutes from South Lake Union, Downtown and Fremont, this property offers an owner-user the chance to occupy the entire top floor immediately upon closing, while benefiting from the current income generated from the retail and office tenants on the 1st and 2nd floors. Updated kitchenette and private restrooms on all floors and most floors feature walls of windows overlooking the incredible views of South Lake Union. Unbeatable location and opportunity for an investor seeking stable cash flow, or an owner-user who wants rental income to help offset the mortgage payment! The property is occupied by six tenants across various professional service industries—offering both stability and diversification. There are 2 vacant units available for an owner-user to occupy. Positioned along a prominent arterial road with exceptional visibility and high traffic counts, this asset is ideal for an owner-user who could occupy a portion of the space while benefiting from in-place cash flow

FOR SALE DETAILS

PRICE

$2,995,000 USD

PRICE/SF

$407 USD /SF

CAP RATE

5.29%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1607 Dexter Bldg

PROPERTY TYPE

Office

ADD'L SUBTYPES

Freestanding, Storefront Retail/Office, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1912

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,410 SF

ZONING

NC3P-55 (M)

APN/PARCEL ID

880790-0260

ASK ABOUT THIS PROPERTY

Lauren HendricksWindermere CommercialMore Info
206-999-9161

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Lauren HendricksWindermere CommercialMore Info
206-999-9161

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