Provided by NWMLS, Bought with ZNonMember-Office-MLS and Listed by Windermere Real Estate Midtown
Sold
2455 32nd Avenue W
Seattle WA, 98199
$3,830,000
Sold
Commercial
Built in 1959
Two parcels totaling 21,750 SF in the heart of Magnolia Village and home to the long-term tenant, Magnolia Garden Center. This property is one of the largest parcels in Magnolia Village with commercial zoning and is on the market for the very first time. 2455 32nd Ave W is a 7,975 SF corner lot with a 1,912 SF building and is zoned NC2P-55 (M). 3213 W Smith St is a 13,775 SF lot with a 1,968 SF building and is zoned NC2-55 (M). Single tenant on a NNN lease occupies both properties with a lease through Dec 2028 plus one 5-year option to extend. NOI currently $58k, increasing to $68k on 1/1/24 with 3% annual increases thereafter. Incredible location and once-in-a-lifetime opportunity to acquire nearly half an acre of land in Magnolia Village.
2040191
MLSⓇ ID
March 2, 2023
Listed
September 5, 2024
Updated
Map
2455 32nd Avenue W
Seattle WA, 98199
Interior Features
Interior Features
Concrete, Laminate Hardwood
Floor Description
Concrete, Laminate
Fireplace
No
Cooling
Yes
Heating
Yes
Heating Description
Forced Air
Exterior/Building Features
Lot Size
0.5 Acres
Exterior Features
Wood, Wood Products
Roof
Flat
Sewer
Sewer Connected
Other Property Details
Area Name
700 - Queen Anne/Magnolia
Taxes
$39,465
Tax Frequency
Annually
Garage
No
Parking Total
13
View
No
County
King
Water Source
Public
Pool
No
The IDX display presents information sourced from the Northwest Multiple Listing Service as of 9/8/2024. The data is intended for personal, non-commercial use and should not be used for any other purpose except to identify potential properties for purchase. While the MLS data displayed is generally deemed reliable, it is NOT guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. The property locations displayed on any map are merely best approximations and exact locations should be independently verified. Based on information submitted to the MLS GRID as of 9/8/2024 at 12:00 AM UTC . 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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Data last updated on 9/8/2024 at 12:00 AM UTC