For Sale
$1,275,000

3116 Smith St Seattle, WA 98199

Seattle Mixed-Use Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
138
This 1,535 square foot, two-unit commercial condominium building in Seattle's Magnolia Village presents a unique investment opportunity. Built in 1955 and renovated in 2008, this mixed-use property boasts a prime location with excellent visibility and signage potential. The 1st-floor unit features concrete floors, exposed wood ceilings, two private offices, a kitchenette, an open work area, and a private restroom. A shared outdoor yard is available. The building sits on a 2,771 square foot lot and is zoned for multiple uses, including office, retail, residential, and live/work spaces. The asking price is $1,275,000, translating to $830.62 per square foot. This two-story building offers a versatile space ideal for a variety of commercial ventures. The property's flexible zoning and desirable location make it an attractive investment for both owner-occupants and investors seeking a strong return. The building's unique character, combined with its modern updates, creates a compelling opportunity in a thriving Seattle neighborhood. This is a rare chance to acquire a well-maintained commercial property in a highly sought-after area.

Highlights

  • $1,275,000 asking price for a 1,535 sq ft commercial condominium.
  • Located in Seattle, WA at 3116 W Smith St Unit A, in the Magnolia Village.
  • Mixed-use zoning allows for office, retail, and residential uses.
  • Features concrete floors, exposed wood ceilings, two private offices, a kitchenette, an open work area, and one restroom.
  • Includes a shared outdoor yard area.
  • The property is a two-unit building, built in 1955 and renovated in 2008.

Property Details for 3116 Smith St

Property type
Day care centers & nurseries, Retail properties
Square Feet
1,535 SF
Year Built/Renovated
1955/2008
Buildings
1
Stories
2
Units
2

Location Insight

City
Seattle
County
King
State
Washington
Latitude
47.641160229644
Longitude
-122.39787094304

FAQs

What type of property is this?
Day care center & nursery - Seattle Mixed-Use Investment Opportunity
Where is the day care center & nursery located?
The property is located at 3116 Smith St Seattle, WA.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: $1,275,000 asking price for a 1,535 sq ft commercial condominium.; Located in Seattle, WA at 3116 W Smith St Unit A, in the Magnolia Village.; Mixed-use zoning allows for office, retail, and residential uses.
How can I contact the broker?
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3116 Smith St
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