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2221 Queen Anne Avenue North Seattle, WA 98109

$3,500,000
0.12
Acres
$3,500,000
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active
1/39
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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.

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.

  • Neighborhood
    Queen Anne
  • Type
    Commercial
  • County
    King
  • Area
    700 - Queen Anne/Magnolia
  • Tax Amount
    $21,006
  • Status
    Active
  • Listing #
    2313581
  • Built
    1990
  • Lot Size
    0.12
  • Listed on site
    42 days

Listed by:
Windermere Real Estate Midtown

Listing information © 2023 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by LaVerne Pike - Windermere Real Estate - and should be verified by the buyer. The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Laverne Pike - Windermere Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2025-01-15 05:21:14. DMCA
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Community Features

  • No HOA
  • No Adult Community

Exterior features

  • No Pool
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