2611 California AveSeattle, WA 98116

Property Details for 2611 California Ave

Year built

1924

Construction

WOOD

Lot size

0.13 AC

Property size (Sq ft)

9,100 SF

Zone code

NC2P-55 (M)

Property type

Retail properties

Property subtype

Retail space

APN

927620-0025

APU

9276200025

Description

This exceptional West Seattle investment opportunity presents a three-story, 9,100 square foot mixed-use building at 2611 California Ave SW, Seattle, WA 98116. The property, built in 1924, sits on a 0.13-acre lot (APN 9276200025) and is zoned NC2P-55(M). The building boasts a strong anchor tenant, Mudbay Pet Company, occupying 3,570 square feet of street-level retail space. Upstairs, three one-bedroom, one-bathroom apartments (each 545 sq ft) and one studio apartment (395 sq ft) provide consistent rental income. A 3,500 square foot storage warehouse in the basement offers additional revenue potential. The asking price is $2,500,000, representing a $274.73 per square foot price and a $625,000 per unit price. The property offers a 5.87% cap rate and is offered as a NNN lease. This unique combination of retail, residential, and storage space makes it an ideal investment for those seeking diversified income streams in a thriving urban location. The property's excellent location ensures high visibility and accessibility, making it a prime spot for both commercial operations and residential living.

Location Insight

City

Seattle

County

King

State

Washington

Latitude

47.5807

Longitude

-122.387

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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