4847 California Ave SW
Seattle, WA 98116
Commercial Condo · Multifamily Property For Sale
·
36 Units
Investment Highlights
- 2,415 SF commercial office condo in the heart of West Seattle's Alaska Junction
- Currently configured with 4 private offices, large conference room, 2 private restrooms, kitchenette and break area
- Currently leased to two long-term tenants at below market rate rent
- 12+ ft ceilings, fully sprinklered, air conditioned, 4 deeded parking stalls & a 200+ SF deeded storage unit located across the hall from the unit
- Over 96 feet of street frontage on California Ave SW
- Owner has the ability to terminate one or both of the leases w/ 6-months notice - or do nothing & continue to collect over $66,500/Yr w/ ann. increase
Executive Summary
Exceptional opportunity to own a 2,415 SF street-level commercial condo in West Seattle's Alaska Junction. This commercial condo has excellent visibility w/ 96 ft of street frontage on California Ave SW. Currently configured as an office with 4 private offices, conference room, 2 private restrooms, kitchenette, A/C, 12 ft ceilings, fully sprinklered, 4 dedicated parking stalls & a huge storage unit. Leased to long-term tenants (CPA & Law Firm) at below market rent on a NNN lease through 12/31/29. However, owner has the right to terminate the lease w/ 6 months notice. Rare opportunity for an investor seeking stable cash flow or an owner-user planning future occupancy, as this unit offers tons of versatility as either an office or retail use.
Property Facts
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Storage Space
- Heating
- Tile Floors
- High Speed Internet Access
- Sprinkler System
- Carpet
- Wi-Fi
- Double Pane Windows
- Office
- Window Coverings
Site Amenities
- 24 Hour Access
- Controlled Access
- Clubhouse
- Picnic Area
- Security System
- Gameroom
- Grill
- Wheelchair Accessible
- Recycling
- Storage Space
- Bicycle Storage
- Conference Rooms
- Elevator
- Multi Use Room
- Sundeck
- Public Transportation
- Private Bathroom
- Fiber Optic Internet
