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206.579.3423
Real Estate Company
9064 Delridge Way SW, Seattle, WA 98106
- $6,500,000
Listing Broker: Lookup Realty; Sokhan Ou; 206-280-0154; Sokhan.ou@lookupnw.com
- List Price
- $6,500,000
- Status
- ACTIVE
- MLS#
- 2586807
- Days on Market
- 0
- Annual Tax Ammount
- 15593.33
- Internet Provider
- Xfinity
Property Description
Fully leased, 100% occupied four tenant commercial investment opportunity along the Delridge Way SW corridor in West Seattle. This income producing asset combines established in place cash flow with long term redevelopment optionality, offering investors immediate income and future flexibility. Approximately 12,180 SF of building area situated on a 13,232 SF site with prominent Delridge frontage, strong visibility and convenient access to West Seattle, Downtown Seattle and major regional transportation routes. Diversified tenancy includes two NNN lease spaces, providing multiple income streams within a stabilized asset. NC3 55 (M) zoning offers potential for future commercial and mixed-use redevelopment, subject to City of Seattle requirements and buyer verification. Well, positioned for private investors, 1031 exchange buyers, developers and long-term holders seeking a strategically located Seattle infill asset. Acquire stabilized income today while preserving redevelopment optionality for the future. Buyer to independently verify all information.
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Additional Information
- Community
- West Seattle
- Style
- 71 - Light Indrl.
- Year Built
- 1946
- Tax Year
- 2025
- Potential Terms
- Cash, Conventional
- Flooring
- Concrete, Laminate
- Driving Directions
- From I-5, take Exit 163A for the West Seattle Bridge. Continue west, exit Delridge Way SW, turn left (south), and proceed to 9064 Delridge Way SW. Property is on the right.
- Electric Expenses
- 9564
- Energy Source
- Electric
- Net Operating Income
- $162,714
- Gross Adjusted Income
- $17,324
- Gross Scheduled Income
- $207,888
- Water/Sewer/Garbage Expenses
- $6,348
- Cap Rate
- 3
- Total Expenses
- $45,173
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.