7820-7822 27th St W - Medical FOR SALE


University Place, WA 98466
$1,100,000 USD
206-384-1982
7820-7822 27th St W, University Place, WA for Sale
$1,100,000 USD
Medical - FOR SALE
1/30
null | 5.91% Cap Rate

7820-7822 27th St W
University Place, WA 98466


HIGHLIGHTS

  • Potential to convert upper unit into two office spaces

OVERVIEW

Owner is semi-retiring, take advantage of this premier commercial triplex/potential fourplex in University Place Business District. This well maintained mixed-use property updated in 2007 is strategically located on a high-visibility street, has additional parking in the back, and access to public transit making it ideal for professional use or investment. Ground level features two 1,000 sq ft offices. One is leased by an established neurologist who works only on Tuesdays and is interested in sharing this office with another medical or professional tenant. Doctor is open to letting tenant modify the space to meet the lessee’s specific needs. Lease is negotiable due to shared office space. The other unit is a former dental office, is available for immediate use with the option to acquire dental equipment and furniture. The 2,000 sq ft vacant upper floor unit includes a reception area, kitchen and lunchroom, conference room, and a full bathroom. Five spacious offices offer versatility for office suites, coworking spaces, or professional services. The property delivers flexibility, excellent visibility, and immediate income potential. Contact us today to schedule a tour and explore its possibilities! Potential to convert upstairs into two office spaces. Buyer to verify all info to their satisfaction. Possible SBA 504 or 7A financing. Dental equipment list available upon request. University Place 27th St District Business Plan available here: cityofup.com/DocumentCenter/View/4450/27th-Street-Business-District-Draft-Plan?bidId=

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$275 USD /SF

CAP RATE

5.91%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Multi-Tenant Office Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Storefront Retail/Office, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1963

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

MU

APN/PARCEL ID

448000-0280

ASK ABOUT THIS PROPERTY

Rod JohnstonOmni Healthcare Real EstateMore Info
206-384-1982

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Rod JohnstonOmni Healthcare Real EstateMore Info
206-384-1982

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