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3714 S Hudson St 3,200 SF Retail Building Seattle, WA 98118 $4,558,216 CAD ($1,424.44 CAD/SF)
Investment Highlights
- • PRIME LOCATION Situated in Columbia City, one of Seattle’s fastest-growing urban neighborhoods with exceptional connectivity and a thriving culture.
- • “COVERED LAND” CURRENT INCOME The property provides $126,886 annual net operating income with scheduled rental increases.
- • NEWLY RENOVATED BUILDING The Marination Restaurant has benefited from significant tenant improvement and building upgrades.
- • DEVELOPMENT OPPORTUNITY Zoned NC2-55(M), the paved parking lot area is ready for a 55 ft. multifamily project.
- • STRONG MARKET FUNDAMENTALS A high demand location with average market occupancy consistently above 95% serving a highly educated tenant base.
- • CORE PROVEN LOCATION Only minutes from the Columbia City Station, a 95% “walking score”, great restaurants, shopping and services.
Executive Summary
Linc Properties is pleased to present the exclusive sale offering of a stabilized single tenant retail investment building plus the adjacent 10,450 SF multifamily development site currently improved as a parking lot. This core in-fill property is located in the heart of the dynamic and fast growing Columbia City Landmark District in South Seattle The savvy investor or developer has the rare opportunity to acquire a great stable cash flowing investment building while planning and building a 55 ft. height apartment building. The highly desirable location is situated within minutes walk from light rail, restaurants, shopping, services, cultural centers, parks and a thriving vibrant Seattle submarket community. The offering is structured “as-if” the current retail building remains as a long term leased investment asset following completion of the new development. Cap rate is for building allocation only.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
3,200 SF
Building Class
B
Year Built/Renovated
1947/1980
Price
$4,558,216 CAD
Price Per SF
$1,424.44 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
0.34 AC
Zoning
NC2-55M - Neighborhood Commercial Zoning
Exceptionally walkable
90/100
Fairly drivable
50/100
Good public transit
70/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 170290-1730 | Improvements Assessment | $1,371 CAD |
| Land Assessment | $3,054,014 CAD | Total Assessment | $3,055,385 CAD |
Property Taxes
Parcel Number
170290-1730
Land Assessment
$3,054,014 CAD
Improvements Assessment
$1,371 CAD
Total Assessment
$3,055,385 CAD
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Linc Properties
3714 S Hudson St
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