3221 W McGraw Street, Seattle, WA 98199
- $2,800,000
Listing Broker: Windermere Real Estate Midtown; Lauren Hendricks; 206-999-9161; laurenhendricks@windermere.com
- List Price
- $2,800,000
- Status
- ACTIVE
- MLS#
- 2588466
- Days on Market
- 0
- Annual Tax Ammount
- 21348
Property Description
Rare opportunity to acquire a multi-tenant commercial building in Magnolia Village -- a true micro-market where properties are owned for generations and seldomly sell. Located on the most coveted block in Magnolia Village, the property features incredible visibility with over 47 ft of frontage on West McGraw and 99 ft of frontage on 33rd Ave W. Two long-term tenants on NNN leases provides stable hands-off income. Magnolia Village Pub has a lease until 8/31/31 and Uptown Espresso is currently M-to-M. Potential for an owner-user to occupy the corner 1,518 SF space plus 2,350 SF in the basement for a total of 3,868 SF. Basement is sprinklered and water/sewer is sub-metered. Corner 4,743 SF street-to-street lot zoned NC2P-55 (M). Exceptional investment in one of Seattle's most affluent and desirable neighborhoods.
Additional Information
- Community
- Magnolia
- Style
- 75 - Retail
- Year Built
- 1927
- Roof
- Flat
- Tax Year
- 2026
- Potential Terms
- Cash, Conventional
- Flooring
- Ceramic Tile, Concrete, Vinyl Plank
- Driving Directions
- On the corner of West McGraw St and 33rd Ave West
- Other Expenses
- 2132
- Energy Source
- Electric, Natural Gas
- Net Operating Income
- $130,299
- Gross Adjusted Income
- $162,279
- Gross Scheduled Income
- $170,820
- Cap Rate
- 4.65
- Vacancy Rate
- 5
- Total Expenses
- $31,980
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