2221 Queen Anne Avenue N, Seattle, WA 98109

Active

2221 Queen Anne Avenue N, Seattle, WA 98109


Courtesy of: Lauren Hendricks | Windermere Real Estate Midtown
$3,500,000 Seattle, WA 98109
  • 0.12 Acres
  • King County

Key Features

  • MLS ID: 2313581
  • Year Build: 1990
  • Status: Active
  • Property Type: Commercial Sale
  • Area: 700 - Queen Anne/Magnolia
  • Exterior: ["Brick","Wood","Wood Products"]
  • Address: 2221 Queen Anne Avenue N, Seattle, WA 98109
  • City: Seattle
  • State: WA
  • Zip: 98109
  • County: King

Description

Incredible opportunity to acquire a prime property with 45 FT of street frontage on top of Queen Anne Hill! Half of the 7,836 SF building is retail space occupied by a long-term tenant (F45 Gym) on a NNN lease. The remaining 3,918 SF is being used by the current owner for car storage --- providing a new owner with the flexibility to use the discreet 10+ car garage themselves, or lease it out for additional income. Annual rent and NNN reimbursement from the retail tenant is $130,319. Tenant has 3% annual base rent increases until 7/31/29 plus one 5-year option to extend at market rate. Extremely well-built building with interior ADA lift, air conditioning, and newer roof. 5,400 SF lot zoned NC2P-55(M). Please don't disturb current tenant.

Property Map

Located on Queen Anne Ave N between W. McGraw St & W. Boston St.

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