3714 S Hudson St - Retail FOR SALE


Seattle, WA 98118- Columbia City
$3,280,000 USD
425-455-3131
3714 S Hudson St, Seattle, WA for Sale
$3,280,000 USD
Retail - FOR SALE
1/10
null | Request Cap Rate

3714 S Hudson St
Seattle, WA 98118
Columbia City


HIGHLIGHTS

  • • PRIME LOCATION Situated in Columbia City, one of Seattle’s fastest-growing urban neighborhoods with exceptional connectivity and a thriving culture.
  • • DEVELOPMENT OPPORTUNITY Zoned NC2-55(M), the paved parking lot area is ready for a 55 ft. multifamily project.
  • • “COVERED LAND” CURRENT INCOME The property provides $126,886 annual net operating income with scheduled rental increases.
  • • STRONG MARKET FUNDAMENTALS A high demand location with average market occupancy consistently above 95% serving a highly educated tenant base.
  • • NEWLY RENOVATED BUILDING The Marination Restaurant has benefited from significant tenant improvement and building upgrades.
  • • CORE PROVEN LOCATION Only minutes from the Columbia City Station, a 95% “walking score”, great restaurants, shopping and services.

OVERVIEW

Linc Properties is pleased to present the exclusive sale offering of a stabilized single tenant retail investment building plus the adjacent 10,450 SF multifamily development site currently improved as a parking lot. This core in-fill property is located in the heart of the dynamic and fast growing Columbia City Landmark District in South Seattle The savvy investor or developer has the rare opportunity to acquire a great stable cash flowing investment building while planning and building a 55 ft. height apartment building. The highly desirable location is situated within minutes walk from light rail, restaurants, shopping, services, cultural centers, parks and a thriving vibrant Seattle submarket community. The offering is structured “as-if” the current retail building remains as a long term leased investment asset following completion of the new development. Cap rate is for building allocation only.

FOR SALE DETAILS

PRICE

$3,280,000 USD

PRICE/SF

$1,025 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1947

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

NC2-55M

APN/PARCEL ID

170290-1730

ASK ABOUT THIS PROPERTY

Brian LeibsohnLinc PropertiesMore Info
425-455-3131

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Brian LeibsohnLinc PropertiesMore Info
425-455-3131

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