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- LoopNet Team
1628 Dexter Ave
Seattle, WA 98109
Dexter Mixed-Use (100% Occupied NNN Leases) · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Bus Line
- Corner Lot
- Courtyard
- Restaurant
- Signage
ABOUT 1628 DEXTER AVE , SEATTLE, WA 98109
Marcus & Millichap has been selected to exclusively market for sale the 1628 Dexter Building in Seattle, WA. The Property consists of a three-story, 3,360 square foot mixed-use structure on the corner of Dexter Ave N and Hayes Street, in the South Lake Union Neighborhood of Seattle. The Property is 100% occupied by The Toledo, Pot Shot and D3; each tenant occupies an entire floor of the building. All Tenants are on NNN leases, and reimburse for taxes, insurance and utilities. The site is zoned NC3P-40, allowing for development up to 40 feet in height, which creates additional development upside. The Owners (D3) occupy the entire 3rd floor. There is potential for the Owners to vacate the floor for an owner-user purchaser. Owners will also consider extending their lease term for investor buyers. The 3rd floor can be converted to a residential use without any additional permitting, creating an opportunity for a buyer to live in the space, or lease the floor as an apartment unit.
PROPERTY TAXES
| Parcel Number | 880790-0225 | Improvements Assessment | $1,913,200 |
| Land Assessment | $488,000 | Total Assessment | $2,401,200 |
PROPERTY TAXES
