22850 Pacific Hwy S

    Des Moines, WA 98198
    • $799,999
    • STATUS: Active
    • ON SITE: 35 days
    • ID#: 1424322
    UPDATED: 87 min ago
    $799,999
    • 0
      BEDS
    • 0.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1950
    County:

    School Ratings & Info

    Listing Courtesy of Providencia Real Estate Srvcs.

    Description

    Seize your future today! The Sea Trak Building currently produces a 4.46% cap rate. In two years, it will be 5%. If NNN costs were included it would be 5.9%. Currently, the tenant only pays rent and utilities. The PR-C Zone (Pacific Ridge Commercial) allows buildings to 85 feet east of Pacific Highway and a height of 200 feet if you can get your neighbors to join in to amass 43,560 square feet. Kent/Des Moines Station, scheduled to open nearby in 2024, will be located near Highline College.

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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 2019-04-24T15:17:06.753.

    www.kimberlygartlandgroup.com/homes/92823571

    22850 Pacific Hwy S Des Moines, WA 98198

    • Price: $799,999
    • Status: Active
    • Updated: 87 min ago
    • ID#: 1424322
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.22
    Acres
    1950
    Built
    Neighborhood:
    Des Moines
    County:
    King
    Area:
    D.Moines/Redondo
    Property Description
    Seize your future today! The Sea Trak Building currently produces a 4.46% cap rate. In two years, it will be 5%. If NNN costs were included it would be 5.9%. Currently, the tenant only pays rent and utilities. The PR-C Zone (Pacific Ridge Commercial) allows buildings to 85 feet east of Pacific Highway and a height of 200 feet if you can get your neighbors to join in to amass 43,560 square feet. Kent/Des Moines Station, scheduled to open nearby in 2024, will be located near Highline College.
    Exterior Features

    Building Condition Good Exterior Brick Foundation Concrete Block Lot Depth 95 Lot Dimensions 105 X 95 Lot Topography And Vegetation Level Roof Torch Down Site Frontage 105 Style 75 - Retail Total Covered Parking Spaces 0 Total Uncovered Parking Spaces 0 Waterfront Footage 0

    Interior Features

    Building Sq Ft 2100 Office Sq Ft 0 Total Sq Ft Rented 2100

    Property Features

    Assessed Value Improvements 88300 Assessed Value Land 226700 Assessed Value Total 315000 Assessed Value Year 2018 Available Pads 0 Bank Owned No Boundary Survey 0.00 Cap Rate N Electrical Expenses 0 Environment Survey N EPSEnergy 0 Form17 Provided General Zoning Classification Commercial Gross Adjusted Income 0 Gross Rent Multiplier 0 Gross Scheduled Income 0 Heating Expenses 0 Hers Index 0 Home Owner Dues 0 Insurance Expenses 0 Net Operating Income 0 Other Expenses 0 Possession Negotiable Power Service Amps 0 Right Of First Refusal No Sewer Sewer Connected Tax Amount 4678 Tax Year 2018 Terms Cash OutConventional Third Party Approval Required None Total Expenses EXP 0 Total Expenses TEX 0 Total Monthly Rent 3360 Vacancy Rate 0 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 2019-04-24T15:17:06.753.

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