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Carnation City Hall 4621 Tolt Ave 6,560 SF 100% Leased Retail Building Carnation, WA 98014 $1,250,000 ($190.55/SF)
INVESTMENT HIGHLIGHTS
- This building is in the heart of Carnation's bustling downtown business district with lots of opportunities for retail, dining, services and more.
- Historic two-story building with functional layout and charm
- Zoned CBD with flexible retail and office uses encouraged
- Active redevelopment nearby including mixed-use and residential
EXECUTIVE SUMMARY
Located at the confluence of the Tolt and Snoqualmie Rivers, the City of Carnation is home to approximately 2,300 residents, many employed in the technology and space sectors given its proximity to Redmond and Bellevue. The community features an elementary school, middle school, grocery store, retail establishments and restaurants, u-pick farms and an active arts and music scene. This vibrant community boasts trails, wooded areas, parks and rivers for recreational fun. The first floor provides a wonderful space for retail while the upstairs may be used as either retail or office space. Perfect for an investment opportunity!
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
6,560 SF
Building Class
C
Year Built
1947
Price
$1,250,000
Price Per SF
$190.55
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.87
Lot Size
0.17 AC
Zoning
CBD - The central business district (CBD) is designed to accommodate a wide variety of commercial and limited residential and office activities.
Parking
6 Spaces (0.91 Spaces per 1,000 SF Leased)
Frontage
54’ on Tolt Avenue
PROPERTY TAXES
| Parcel Number | 865830-2200 | Improvements Assessment | $410,500 |
| Land Assessment | $300,000 | Total Assessment | $710,500 |
PROPERTY TAXES
Parcel Number
865830-2200
Land Assessment
$300,000
Improvements Assessment
$410,500
Total Assessment
$710,500
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Carnation City Hall | 4621 Tolt Ave
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