3015 Beacon Avenue S, Seattle, WA 98144

$2,895,000

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Listing courtesy of John L. Scott Des Moines.

List Price
$2,895,000
Status
ACTIVE
MLS#
2509952
Days on Market
95
Annual Tax Ammount
11542
Internet Provider
Xfinity

Property Description

Unique opportunity to acquire a neighborhood commercial property just a stone throw from Beacon Hill light rail station. This 4,283 sqft mixed-use building consists of four separate units. The street-facing main floor hosts a popular local restaurant with class H license, and a 575 sqft office/retail space towards the back end. Top floor offers a spacious 1,023 sqft 2Ba/2Ba apartment/office equipped with functional kitchen, another 612 sqft office suite completes the second level. Two gated covered parking spots are available off the alley. Open courtyard provides outdoor seating for the restaurant during summer months and delivers additional rental income. This is a relatively new building as it was expanded to current configuration in 2005. The 3980 sqft parcel is zoned NC2P55 which allows for a variety of business and residential uses and permits future development up to 55 feet in height. Investment property of this caliber does not present itself often. Seize the moment.

Additional Information

Community
Beacon Hill
Building Condition
Very Good
Style
60 - Comm Bldg Und 10K
Year Built
1922
# of Assigned Spaces
2
Roof
Composition
Tax Year
2025
Potential Terms
Cash, Conventional
Flooring
Ceramic Tile, Concrete, Engineered Hardwood, Hardwood
Driving Directions
3rd building south of S Stevens Street, on the west side of Beacon Ave S.
Electric Expenses
2037
Other Expenses
389
Energy Source
Electric, Natural Gas
Net Operating Income
$101,319
Gross Adjusted Income
$108,636
Gross Scheduled Income
$108,636
Water/Sewer/Garbage Expenses
$480
Cap Rate
3.5
Total Expenses
$16,370
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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