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

May 9, 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 contains information sourced from the Northwest Multiple Listing Service as of 6/25/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered 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. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 6/25/2024 at 7:00 AM UTC 

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