631 96Th StSeattle, WA 98108

Property Details for 631 96Th St

Year built

1967

Construction

STEEL FRAME

Lot size

1.44 AC

Property size (Sq ft)

14,770 SF

Zone code

I

Property type

Manufacturing properties

APN

562420-0253

APU

5624200253

Description

This exceptional value-add industrial property in Seattle, WA, presents a compelling investment opportunity. Located at 631 S 96th St, 98108, this 1.44-acre site features two buildings totaling 17,170 square feet of net rentable space. The main structure is a 14,700 square foot manufacturing warehouse with two drive-in loading docks, 20-24' ceilings, and substantial power (2,900 amps of 277/480 volt, 3-phase power). A secondary 2,400 square foot building currently serves as office/residential space. The property boasts a fully secured yard, offering enhanced security. Currently 100% occupied with a single tenant on a short-term lease, this presents a chance for immediate income and future value appreciation. The property's strategic location near SR-99, SR-512, I-5, and I-405 provides unparalleled access to major transportation arteries. Built in 1967 and renovated in 1979, this Class C property is zoned I (Seattle) and offers a low lot coverage (27%), leaving ample space for expansion or additional storage. The asking price is $5,700,000, with a pro-forma NOI of $431,533 and a pro-forma cap rate of 7.57%. The current NOI is $173,643. This property is a rare find in a land-constrained submarket, offering significant potential for long-term growth and return on investment. The property features a price per square foot of $331.97 and a price per unit of $2,850,000. The King County APN is 562420-0253.

Location Insight

City

Seattle

County

King

State

Washington

Latitude

47.5164

Longitude

-122.324

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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