3256 California Ave SW 2,760 SF 100% Leased Retail Building Seattle, WA 98116 $1,400,000 ($507.25/SF) 5.60% Cap Rate

INVESTMENT HIGHLIGHTS

  • Tenants would like to stay 5 units rented to medical / wellness. Long Terms Tenants
  • Excellent location in the heart of West Seattle
  • Zoning NC 55M allow for many development options.

EXECUTIVE SUMMARY

Fantastic opportunity to own this commercial property in the heart of West Seattle between the Admiral & California Junction. Street-front brick building is currently used as Medical Office built in 1950, remodeled in 2008, 1080 Sq.Ft. w/many upgrades, tenant pays W/S/G/triple net, many options for use.(interior photos not pictured available upon request) Home in back w/ 2 bedroom 1 bath apartment that owner currently occupies (rent projected) and has rented as office space in the past. Remodeled lower level of home that features private entry, 4 office spaces with shared lobby, bath and storage room. Building and office tenants would like to stay and please DO NOT DISTURB TENANTS. Zoned NC2-55M allows for several development options.

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL ANNUAL PER SF
Gross Rental Income $92,052 $32.45
Other Income - -
Vacancy Loss - -
Effective Gross Income $92,052 $32.45
Taxes $9,116 $3.21
Operating Expenses $3,865 $1.36
Total Expenses $12,981 $4.58
Net Operating Income $79,071 $27.87

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,760 SF
Building Class
C
Year Built/Renovated
1950/2008
Price
$1,400,000
Price Per SF
$507.25
Cap Rate
5.60%
NOI
$78,400
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.53
Lot Size
0.12 AC
Zoning
NC130, Seattle - Neighborhood Commercial. Many Options for future development.
Frontage
51’ on California Ave SW

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • West Seattle Natural Medicine
  • Health Care and Social Assistance
  • -
  • -
  • Triple Net
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
West Seattle Natural Medicine Health Care and Social Assistance - - Triple Net -
Walk Score®
Walker's Paradise (90)

NEARBY MAJOR RETAILERS

barre3
Starbucks
Safeway
WaFd Bank
U.S. Bank
Umpqua Bank
Chase Bank
PCC Community Markets
TacoTime
HomeStreet Bank

PROPERTY TAXES

  • Listing ID: 35763257

  • Date on Market: 5/6/2025

  • Last Updated:

  • Address: 3256 California Ave SW, Seattle, WA 98116