2611 California AveSeattle, WA 98116

For Sale
$2,500,000

Prime retail & residential building

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional West Seattle investment opportunity presents a three-story, 9,100 square foot mixed-use building at 2611 California Ave SW, Seattle, WA 98116. The property, built in 1924, sits on a 0.13-acre lot (APN 9276200025) and is zoned NC2P-55(M). The building boasts a strong anchor tenant, Mudbay Pet Company, occupying 3,570 square feet of street-level retail space. Upstairs, three one-bedroom, one-bathroom apartments (each 545 sq ft) and one studio apartment (395 sq ft) provide consistent rental income. A 3,500 square foot storage warehouse in the basement offers additional revenue potential. The asking price is $2,500,000, representing a $274.73 per square foot price and a $625,000 per unit price. The property offers a 5.87% cap rate and is offered as a NNN lease. This unique combination of retail, residential, and storage space makes it an ideal investment for those seeking diversified income streams in a thriving urban location. The property's excellent location ensures high visibility and accessibility, making it a prime spot for both commercial operations and residential living.

Highlights

  • $2,500,000 asking price for a 9,100 square foot mixed-use retail property in Seattle, WA.
  • Property features a 3,570 SF anchor tenant (Mudbay Pet Company), three 1-bedroom/1-bathroom apartments (545 SF each), one studio apartment (395 SF), and a 3,500 SF storage warehouse.
  • Located at 2611 California Ave SW, Seattle, WA 98116, on a 0.13-acre lot.
  • Class B building, built in 1924, with three stories and four units.
  • NNN lease type, with a 5.87% cap rate, $274.73 price per square foot, and $625,000 price per unit.

Property Details for 2611 California Ave

Property type
Other warehouses, Other retail properties
Square Feet
9,100 SF
Class
B
Year Built
1924
Buildings
1
Stories
3
Lot Size (sq. ft)
5,663 SF
Units
4

Location Insight

City
Seattle
County
King
State
Washington
Latitude
47.580768669776
Longitude
-122.38653163481
2611 California Ave, Seattle, Washington

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2611 California Ave
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