10821 1st Avenue S, Seattle, WA 98168

$4,999,999

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Listing courtesy of Michael J Real Estate LLC.

List Price
$4,999,999
Status
ACTIVE
MLS#
2520547
Days on Market
79
Internet Provider
Comcast

Property Description

Imagine a Church that offers the World as the Bridge to the Community... Welcome to our 400+ seating Vibrant "Victory OutReach Seattle" foundation and invest here to build more on Flat 41,852 sqft land, 24+ years established CHURCH showcases 400+ seating sanctuary 150+ overflow with 12,000+ sqft main floor NO STAIRS, 1,000sq 2nd story, and 3,720sq basement, Total Building Size is 16,638sqft. Come experience a private tour or visit this Thriving Church Fridays/ Sundays in person to see the Vision of your new home. Turn key Amazing sound, LED screen, audio to dazzle the best crowds, 5 bathrooms, multiple office/ classrooms, Full Kitchen with 30 feet of open counter, multiple sinks, appliances stay, 400+ chairs, full daycare/children's facility, wide open foyer/greenroom for fellowship and the best coffee hour in town/ New coffee bar, 80+ parking stalls on site. Full Commercial CB Zoning may allow apartments, additional pads on site, with mixed use the sky is the limit. Relocation with the Lords Will takes us to a larger site & offers you a limited opportunity to purchase now, preference to cash, 1031 Exchange, and or short closing. Financing is possible as building has been recently remodeled, updated Air Conditioning, New Coffee Bar, Private Offices, Gift Shop, and don't miss the Giant LED screen.NOTE:Community Business (CB) zoning in unincorporated King County, WA, designates areas for local retail, services, and offices intended to serve surrounding neighborhood Section 21A

Additional Information

Community
White Center
Building Condition
Updated/Remodeled
Style
61 - Comm Bldg Ovr 10K
Year Built
1956
# of Assigned Spaces
80
Roof
Flat, Torch Down
Tax Year
2025
Potential Terms
Cash, Conventional, Owner Will Carry
Flooring
Ceramic Tile, Concrete, Laminate, Carpet
Driving Directions
North on 1st Ave S, to Church on corner of 108th Ave SW and 1st Ave S.
Electric Expenses
6000
Energy Source
Electric, Natural Gas
Net Operating Income
$377,900
Gross Adjusted Income
$400,000
Gross Scheduled Income
$400,000
Water/Sewer/Garbage Expenses
$3,000
Cap Rate
7.6
Total Expenses
$22,100
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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