209 S Sequim Avenue

    Sequim, WA 98382
    • $369,950
    • STATUS: Pending
    • ON SITE: 101 days
    • ID#: 1435619
    Under Contract
    UPDATED: 26 min ago
    $369,950
    • 0
      BEDS
    • 0.2
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1970
    County:

    School Ratings & Info

    Listing Courtesy of Brody Broker Real Estate Llc.

    Description

    This large building in Sequim's downtown core has a solid long-term tenant, & good cash flow. Rent over the remaining 4 years of the lease peaks at $40,800 per year. Expansion plans are in place for an upscale public room in the northeast portion which would create two seperate rental spaces. DMU II zoning allows a host of other uses ensuring a bright future, and the downtown is currently undergoing a rebirth. Businesses are moving in every day and rents are rising consistently.

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Kimberly Gartland Group - Keller Williams Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-07-17T14:17:43.78.

    www.kimberlygartlandgroup.com/homes/93446277

    209 S Sequim Avenue Sequim, WA 98382

    • Price: $369,950
    • Status: Pending
    • Updated: 26 min ago
    • ID#: 1435619
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.2
    Acres
    1970
    Built
    Neighborhood:
    Sequim
    County:
    Clallam
    Area:
    Southwest Sequim
    Property Description
    This large building in Sequim's downtown core has a solid long-term tenant, & good cash flow. Rent over the remaining 4 years of the lease peaks at $40,800 per year. Expansion plans are in place for an upscale public room in the northeast portion which would create two seperate rental spaces. DMU II zoning allows a host of other uses ensuring a bright future, and the downtown is currently undergoing a rebirth. Businesses are moving in every day and rents are rising consistently.
    Exterior Features

    Building Condition Good Exterior Cement/Concrete Foundation Poured Concrete Loading 1-3 Bays Lot Depth 85 Lot Dimensions 85X100 Lot Topography And Vegetation Level Roof Flat Site Frontage 185 Style 60 - Comm Bldg Und 10K Total Covered Parking Spaces 6 Total Uncovered Parking Spaces 4 Waterfront Footage 0

    Interior Features

    Building Sq Ft 4277 Floor Covering Concrete Office Sq Ft 0 Total Sq Ft Rented 4277

    Property Features

    Assessed Value Improvements 124894 Assessed Value Land 85200 Assessed Value Total 210130 Assessed Value Year 2018 Available Pads 0 Bank Owned No Boundary Survey 0.00 Cap Rate N Electrical Expenses 0 Energy Source Electric Environment Survey N EPSEnergy 0 Expansion Area Y Form17 Provided General Zoning Classification BusinessCommercialMulti-FamilyOfficeResidentialRetail Gross Adjusted Income 31350 Gross Rent Multiplier 0 Gross Scheduled Income 33000 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 1347 Net Operating Income 27369 Other Expenses 504 Possession Closing Power Company Pud Power Service Amps 0 Right Of First Refusal No Sewer Company City Of Sequim Tax Amount 2130 Tax Year 2019 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 3981 Total Expenses TEX 3981 Total Monthly Rent 2750 Vacancy Rate 5 Water Company City Of Sequim Water Sewer Garbage 0 Water Source Public Zoning Jurisdiction City

    Listing information © 2019 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Kimberly Gartland Group - Keller Williams Realty and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Kimberly Gartland Group - Keller Williams Realty are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2019-07-17T14:17:43.78.

     
    Kimberly Gartland Group - Keller Williams Realty
    5263 Olympic Drive NW, Suite B
    Gig Harbor WA, 98335
    Listing Courtesy of Brody Broker Real Estate Llc.