211 Main Ave N

    North Bend, WA 98045
    • $1,388,000
    • STATUS: Pending
    • ON SITE: 96 days
    • ID#: 1373530
    Under Contract
    UPDATED: 65 min ago
    $1,388,000
    • 0
      BEDS
    • 0.24
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1939
    County:

    School Ratings & Info

    Listing Courtesy of Paragon Real Estate Advisors.

    Description

    The Old North Bend City Hall is located just one block off North Bend Way. The property offers two different types of use. The old fire department that has been uniquely crafted into an open restaurant/bar layout. The second space offers 5,093 square feet of office space currently occupied by city halls administrative workers, along with the mayor. Currently, the city occupies 62% of the building of which they are paying no rent. With market rents, the building is priced at a 7.32% cap rate.

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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 2019-01-15T17:16:11.32.

    www.kimberlygartlandgroup.com/homes/88383226

    211 Main Ave N North Bend, WA 98045

    • Price: $1,388,000
    • Status: Pending
    • Updated: 65 min ago
    • ID#: 1373530
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.24
    Acres
    1939
    Built
    Neighborhood:
    North Bend
    County:
    King
    Area:
    Sammamish,Fall City,N.Bend,Fall Cty,Snoq
    Property Description
    The Old North Bend City Hall is located just one block off North Bend Way. The property offers two different types of use. The old fire department that has been uniquely crafted into an open restaurant/bar layout. The second space offers 5,093 square feet of office space currently occupied by city halls administrative workers, along with the mayor. Currently, the city occupies 62% of the building of which they are paying no rent. With market rents, the building is priced at a 7.32% cap rate.
    Exterior Features

    Exterior Wood Products Foundation Poured Concrete Loading 1-3 Bays Lot Depth 0 Lot Topography And Vegetation Level Roof Composition Site Frontage 0 Style 61 - Comm Bldg Ovr 10K Total Covered Parking Spaces 0 Total Uncovered Parking Spaces 0 Waterfront Footage 0

    Interior Features

    Building Sq Ft 12528 Heating And Cooling Baseboard Office Sq Ft 0 Total Sq Ft Rented 4742

    Property Features

    Assessed Value Improvements 0 Assessed Value Land 0 Assessed Value Total 0 Assessed Value Year 0 Available Pads 0 Bank Owned No Boundary Survey 7.32 Electrical Expenses 16000 Energy Source Electric EPSEnergy 0 Form17 Not Provided General Zoning Classification Commercial Gross Adjusted Income 38589 Gross Rent Multiplier 34 Gross Scheduled Income 40620 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 5500 Net Operating Income 711 Other Expenses 9800 Possession Closing Power Service Amps 0 Right Of First Refusal No Sewer Available Tax Amount 0 Tax Year 2018 Terms Cash Out Third Party Approval Required None Total Expenses EXP 39300 Total Expenses TEX 39300 Total Monthly Rent 3385 Vacancy Rate 5 Water Sewer Garbage 8000 Water Source Community 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 2019-01-15T17:16:11.32.

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