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Bank of America 2830 80th Ave SE 6,988 SF Retail Building Mercer Island, WA 98040 For Sale
EXECUTIVE SUMMARY
Wallace Properties as the exclusive representative of the Seller
is pleased to offer for sale an extremely rare and unique property
in the highly desirable downtown core of Mercer Island. This is the
first time in 50 years that the subject property has been available
to purchase. Bank of America (and its predecessor Sea-First Bank)
has been a Ground Lease Tenant for 43 years. The lease provides
the landlord with extremely favorable rental adjustment terms. The
property provides reliable income from the second largest bank in the
United States and the 32,992 square foot site zoned Town Center (TC3) provides the opportunity for a future multi-level re-development.
is pleased to offer for sale an extremely rare and unique property
in the highly desirable downtown core of Mercer Island. This is the
first time in 50 years that the subject property has been available
to purchase. Bank of America (and its predecessor Sea-First Bank)
has been a Ground Lease Tenant for 43 years. The lease provides
the landlord with extremely favorable rental adjustment terms. The
property provides reliable income from the second largest bank in the
United States and the 32,992 square foot site zoned Town Center (TC3) provides the opportunity for a future multi-level re-development.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Bank
Building Size
6,988 SF
Building Class
B
Year Built
1982
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
0.76 AC
Zoning
B - Business
Walk Score®
Very Walkable (82)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 545230-0555 | Improvements Assessment | $1,000 |
| Land Assessment | $6,268,400 | Total Assessment | $6,269,400 |
PROPERTY TAXES
Parcel Number
545230-0555
Land Assessment
$6,268,400
Improvements Assessment
$1,000
Total Assessment
$6,269,400
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Bank of America | 2830 80th Ave SE
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