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3901 Leary Way NW

Seattle, WA 98107
  • $1,850,000
  • STATUS: Pending
  • ON SITE: 42 Days
  • MLS #: 1871021
Under Contract
UPDATED: 32 min ago
$1,850,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1980
County:

School Ratings & Info

Listing Courtesy of Paragon Real Estate Advisors.

Description

Rare opportunity to own a well maintained income producing property located in the popular and very walkable Fremont neighborhood. This one of a kind diversified 9-tenant office/retail building is well positioned on a high visibility section of Leary Way NW. This propertys current rents are very attractive for the market area allowing significant upside as spaces turn and tenants are put on traditional NNN leases similar to nearby competing properties. With an achievable market cap of 7.02%, $240 per building sq.ft., this opportunity wont last long. The Leary Building is a low management intensive property and would be a great purchase for either an owner user or an investor looking to exit apartment ownership.

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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 Reuben Bray Homes | Realty One are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2022-01-22T21:14:20.543.

www.reubenbrayhomes.com/homes/123937542
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3901 Leary Way NW Seattle, WA 98107

  • Price: $1,850,000
  • Status: Pending
  • On Site: 42 Days
  • Updated: 32 min ago
  • MLS #: 1871021
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1980
Built
Neighborhood:
Fremont
County:
King
Area:
Ballard/Greenlake
Property Description
Rare opportunity to own a well maintained income producing property located in the popular and very walkable Fremont neighborhood. This one of a kind diversified 9-tenant office/retail building is well positioned on a high visibility section of Leary Way NW. This propertys current rents are very attractive for the market area allowing significant upside as spaces turn and tenants are put on traditional NNN leases similar to nearby competing properties. With an achievable market cap of 7.02%, $240 per building sq.ft., this opportunity wont last long. The Leary Building is a low management intensive property and would be a great purchase for either an owner user or an investor looking to exit apartment ownership.
Exterior Features

Carport YN No Open Parking YN No Parking Total 15 Structure Type Office Style Code 73 - Office

Interior Features

Building Area Total 0 Fireplace YN No Furnished Unfurnished Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Electric On Property YN No Irrigation Water Rights YN No Net Operating Income 77357 Possession Closing Property Sub Type Commercial Industrial Senior Community YN No Special Listing Conditions None Tax Annual Amount 18030 Tax Year 2021 Zoning Jurisdiction City

Listing information © 2022 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 Reuben Bray Homes | Realty One 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 Reuben Bray Homes | Realty One are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2022-01-22T21:14:20.543.

 
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Reuben Bray Homes | Realty One
2004 SE 192nd Ave #100
Vancouver WA, 98683
Listing Courtesy of Paragon Real Estate Advisors.