2038 SW 152nd St - Storefront Retail/Residential FOR SALE


Burien, WA 98166- Seahurst
$1,600,000 USD
206-778-8521
2038 SW 152nd St, Burien, WA for Sale
$1,600,000 USD
Storefront Retail/Residential - FOR SALE
1/33
null | 5.42% Cap Rate

2038 SW 152nd St
Burien, WA 98166
Seahurst


OVERVIEW

Nestled in the heart of Olde Burien, 2038 SW 152nd St is a historic corner property dating back to the early 1900s streetcar era - offering timeless charm with modern investment potential. Ideally positioned with high visibility in the coveted Seahurst/Olde Towne Burien neighborhood, this mixed-use asset features three commercial suites and two residential units, all occupied by long-term tenants on flexible month-to-month leases. This rare ownership opportunity presents strong upside potential, including the ability to increase rents by up to 25% through market-rate adjustments and NNN implementation on commercial spaces. Whether you’re an investor seeking value-add income or an owner-user looking to establish a presence in a thriving community, this legacy property is perfectly poised for its next chapter.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$249 USD /SF

CAP RATE

5.42%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1927

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,383 SF

ZONING

CN, Burien

APN/PARCEL ID

763580-0470

ASK ABOUT THIS PROPERTY

Justin KraftHighmark PartnersMore Info
206-778-8521

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Justin KraftHighmark PartnersMore Info
206-778-8521

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