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Skyway Market Place 11656 68th Ave S 23,494 SF 100% Leased Retail Building Seattle, WA 98178 $3,498,800 ($148.92/SF) 6.50% Cap Rate
Investment Highlights
- Prominent retail address on 68th Avenue South with strong ingress and egress.
- Ample parking and large pylon.
Executive Summary
Experience the potential of Seattle, WA. Positioned in a bustling locale, the area offers exceptional visibility and accessibility for retail and street retail investors. Surrounded by notable attractions such as the Westfield Southcenter, The Landing, and Gene Coulon Memorial Beach Park, the location draws a steady flow of visitors and potential customers. Seattle's strong economic growth and diverse community make it an appealing choice for retail investors seeking an attractive market to establish their business. Uncover the untapped opportunities waiting in this vibrant area, where the future of retail and street retail is ripe with promise.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Supermarket
Building Size
23,494 SF
Building Class
C
Year Built/Renovated
1965/1982
Price
$3,498,800
Price Per SF
$148.92
Cap Rate
6.50%
NOI
$227,422
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
4.47 AC
Opportunity Zone
Yes
Zoning
CBSO
Parking
142 Spaces (6.04 Spaces per 1,000 SF Leased)
Frontage
192’ on Renton Ave S
Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,000 | |
| Land Assessment | $5,059,500 | Total Assessment | $5,060,500 |
Property Taxes
Parcel Numbers
Land Assessment
$5,059,500
Improvements Assessment
$1,000
Total Assessment
$5,060,500
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