Provided by NWMLS, Listed by Windermere Real Estate Midtown

Active

4312 SW Admiral Way

Seattle WA, 98116

$1,550,000


Active

Commercial

Built in 1969

Long-term tenant 7-11 Inc. has occupied this corner property in the Admiral Junction since 1968! Single tenant has an Absolute Net Lease with an annual base rent of $25,200 until 2/1/2025. Tenant has two 5-year options to extend with 1st option term Base Rent fixed at $25,410 and 2nd option term at fair market rent. 8,973 SF corner lot with alley access zoned NC2P-55 (M). On a bus line and in a highly desirable neighborhood with the population projected to increase over 8% within 1 mile in the next 5 years. Great opportunity to own a hands-off investment property with a long-term stable tenant in a prime location.

2040159

MLS ID

March 2, 2023

Listed

November 7, 2023

Updated

Map

4312 SW Admiral Way
Seattle WA, 98116

Interior Features

Interior Features

Concrete


Floor Description

Concrete


Fireplace

No


Cooling

Yes


Cooling Description

Forced Air


Heating

Yes


Heating Description

Forced Air

Exterior/Building Features

Lot Size

0.21 acres


Exterior Features

Brick


Architectual Style

Unspecified


Roof

Flat


Sewer

Sewer Connected

Other Property Details

Area Name

140 - West Seattle


Taxes

$14,100


Tax Frequency

Annually


Garage

No


Parking

No


Parking Total

12


View

No


County

King


Water Source

Public


Pool

No

The IDX display contains information sourced from the Northwest Multiple Listing Service as of 11/7/2023. 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 11/7/2023 at 5:57 AM UTC

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