For Sale
$975,000

213 Washington St Sequim, WA 98382

Downtown Sequim investment; high income potential.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional 6,240 square foot retail shopping center, located at 213 E Washington St in the heart of downtown Sequim, WA 98382, presents a compelling investment opportunity. The property boasts four units currently occupied by a diverse mix of established tenants including Edward Jones, La Petite Maison Blanche, Pedego Electric Bikes, and Beal Carpet and Drapes. The center enjoys a prime location on Sequim's busiest street, directly on the same block as the US Post Office, ensuring high foot traffic and visibility. Current monthly rental income totals approximately $59,801, with potential for significant growth as one tenant is on a month-to-month lease at a below-market rate. Once this lease is adjusted to market value, the annual net income is projected to increase to approximately $72,000. Annual expenses are $16,891. The property includes a dedicated parking lot with 14 spaces. The building is zoned SC-3 and offers considerable flexibility. Per the seller, all interior walls are movable, allowing for the creation of a single large space, with the building's structural integrity supported by main pillars, not the walls. This property offers a rare blend of strong current income, significant upside potential, and a highly desirable location in the thriving downtown Sequim area.

Highlights

  • $975,000 asking price for a 6,240 square foot retail property.
  • Multi-tenant shopping center/storefront with four units in Sequim, WA.
  • Located at 213 E Washington St, Sequim, WA 98382, on a high-traffic street near the US Post Office.
  • Currently generating approximately $59,801 in net annual income, projected to increase to approximately $72,000 with market rent adjustments.
  • Features 14 dedicated parking spaces.

Property Details for 213 Washington St

Property type
Lifestyle centers, Power centers
Square Feet
6,240 SF
Units
4

Location Insight

City
Sequim
County
Clallam
State
Washington
Latitude
48.0793681
Longitude
-123.0998399

FAQs

What type of property is this?
Lifestyle center - Downtown Sequim investment; high income potential.
Where is the lifestyle center located?
The property is located at 213 Washington St Sequim, WA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: $975,000 asking price for a 6,240 square foot retail property.; Multi-tenant shopping center/storefront with four units in Sequim, WA.; Located at 213 E Washington St, Sequim, WA 98382, on a high-traffic street near the US Post Office.
How can I contact the broker?
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213 Washington St
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