Nestled in the heart of Olde Burien, 2038 SW 152nd St is a historic corner property dating back to the early 1900s streetcar era - offering timeless charm with modern investment potential. High visibility in the coveted Seahurst/Olde Towne Burien neighborhood, this building features three commercial suites and two residential units, all occupied by long-term tenants on flexible month-to-month leases. This opportunity presents strong upside potential, including the ability to increase rents by up to 25% through market-rate adjustments and NNN implementation on commercial spaces. Both a value-add income or an owner-user looking to establish a presence in a thriving community, this legacy property is perfectly poised for its next chapter.
Listing Provided Courtesy of Justin Kraft, Highmark Partners
General Information
NWM2420636
Commercial Industrial
13
DOM
5614.88 SqFt
0
1927
Commerc
King
Commercial Sale
Commercial Industrial
Listing Provided Courtesy of Justin Kraft, Highmark Partners
Krishna Realty data last checked: Aug 26, 2025 04:47 | Listing last modified Aug 13, 2025 18:47,
Source:
Nestled in the heart of Olde Burien, 2038 SW 152nd St is a historic corner property dating back to the early 1900s streetcar era - offering timeless charm with modern investment potential. High visibility in the coveted Seahurst/Olde Towne Burien neighborhood, this building features three commercial suites and two residential units, all occupied by long-term tenants on flexible month-to-month leases. This opportunity presents strong upside potential, including the ability to increase rents by up to 25% through market-rate adjustments and NNN implementation on commercial spaces. Both a value-add income or an owner-user looking to establish a presence in a thriving community, this legacy property is perfectly poised for its next chapter.
