WA > Seattle > Belltown
Seattle, WA 98121,3104 Western AVE
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Jenn Pederson

Jenn Pederson

+1(808) 205-3000
Listed by Kidder Mathews Dan Swanson 
$ 2,275,000
Est. payment | /mo
Save
$ 2,275,000
Est. payment | /mo
Save

Key Details

Property Type Commercial

Sub Type Commercial Industrial

Listing Status Active

Purchase Type For Sale

Subdivision Belltown

MLS Listing ID 2369846

Style 61 - Comm Bldg Ovr 10K

HOA Fees $1,000/mo

Year Built 2008

Annual Tax Amount $16,586

Property Sub-Type Commercial Industrial

Property Description

Secure access, 72-stall parking garage located in a Class A condo in Belltown, blocks to Seattle's waterfront & Seattle Center. 69 car spaces, 3 motorcycle stalls. Current monthly parking rates are below market with immediate upside potential allowing for a likely 7.6% cap rate. Out-of-town seller willing to carry the contract at 6.25% for 5 years with $1M down payment. Shrinking inventory of parking spaces as new construction typically provides less parking than needed and surface parking lots are redeveloped. Near $0 in maintenance costs given condo structure / HOA responsibility. Located within a well-maintained building. Car collector/owner-occupant opportunity. 40-50 spaces occupied by office building across the street with no parking.

Location

State WA

County King

Area 701 - Belltown/Downtown Seattle

Interior

Fireplace false

Others

Senior Community No

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
Jenn Pederson

Experience the power of collaboration with Jenn and her Team of highly successful experienced professionals who focus obsessively on the details of your unique needs, process, transactional excellence, and exceeding expectations. With an exceptional reputation, you can expect to inherit decades of resources, connections, and industry/market knowledge required to confidently and successfully execute all your real estate needs.

+1(808) 205-3000

[email protected]

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3104 Western AVE