2835 82Nd AveMercer Island, WA 98040

Property Details for 2835 82Nd Ave

Year built

1984

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.40 AC

Property size (Sq ft)

23,408 SF

Zone code

B

Property type

Office properties

Property subtype

Office buildings

APN

545230-0640

APU

5452300640

Description

This exceptional Class A executive office suite, totaling 1,975 square feet, is available for lease in the desirable Mercer Island, Washington location. Situated on a 0.4-acre lot at 2835 SE 82nd Avenue, zip code 98040, this single-tenant property offers ample space for a discerning business. Built in 1985, the building boasts modern amenities and is conveniently located in King County. The entire 1,975 square feet is currently vacant, providing immediate occupancy for a new tenant. The property includes five convenient parking spaces for employees and clients. This is a rare opportunity to secure a prestigious and well-maintained office space in a highly sought-after location. The property's excellent condition and prime location make it an ideal choice for businesses seeking a professional and efficient workspace. The single-tenant occupancy ensures privacy and control over the entire space. Interested parties are encouraged to inquire promptly to secure this exceptional opportunity. The property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $4,925,860

  6.5%

  $4,546,948

  7%

  $4,222,166

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,027,769

  Geo Method

  $4,507,912

• Alternative Use

  Use

  Valuation

  Residential

  $5,638,215

  Hospitality

  $5,164,574

  Educational

  $4,296,866

  Medical

  $4,444,642

  Retail

  $6,684,013

Location Insight

City

Mercer Island

County

King

State

Washington

Latitude

47.5848

Longitude

-122.23

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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