2451 Aurora Ave N, Seattle, WA 98109

$4,200,000

Listing courtesy of Keller Williams Downtown Sea.

List Price
$4,200,000
Status
ACTIVE
MLS#
1537950
Days on Market
36

Property Description

Perfectly Located, High Visibility Commercial Income Opportunity. Motel + 7 Unit Apartment Building in Highly Desirable Queen Anne Neighborhood. Motel - 3,182 SQFT | 7-Plex - 3,582 SQFT | 19,723 SQFT Lot. New MHA Zoning: C1-55 (M) | 3.75 FAR allows for flexible redevelopment options including Multi-Family, Office, Retail, Hotel, Industrial, Etc. however, could also be used as an Investment Property. NOI: $268,000 | 6.4% Cap Rate | Includes Parcel #'s 3528901185, 3528901186

Additional Information

Community
Queen Anne
Property Type
COMI
Building Condition
['Average']
Style
64 - Hotel/Motel
Year Built
1950
Exterior
Cement/Concrete, Wood
Roof
Composition, Metal
Annual Taxes
$22,156
Tax Year
2019
Potential Terms
Cash Out, Conventional
ENS
Electric
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