A great investment property, fully leased through May 2028. This ground-floor 2,177 SF commercial condo has direct street access to 5th Ave NE, the neighborhood arterial, and is just 2 blocks from Greenlake. CAP rate is currently 4.77% and expected to escalate over the remaining 3 years of the lease. Newly built out as medical and treatment spaces, with lovely details throughout, including reception area, conference room, coffee room with connections for washer and dryer, a private office in the back. Fully ADA compliant. Two designated, covered parking spaces adjoin the condo, and another designated parking space in the underground garage (elevator access to main floor). Close to the new Swedish Medical Center at Greenlake.
Listing Provided Courtesy of Janet Irons, Windermere Real Estate Co.
General Information
NWM2336277
Commercial Industrial
79
DOM
0 SqFt
0
1999
Busines
King
Commercial Sale
Commercial Industrial
Listing Provided Courtesy of Janet Irons, Windermere Real Estate Co.
Krishna Realty data last checked: Jun 11, 2025 20:29 | Listing last modified May 19, 2025 22:26,
Source:
A great investment property, fully leased through May 2028. This ground-floor 2,177 SF commercial condo has direct street access to 5th Ave NE, the neighborhood arterial, and is just 2 blocks from Greenlake. CAP rate is currently 4.77% and expected to escalate over the remaining 3 years of the lease. Newly built out as medical and treatment spaces, with lovely details throughout, including reception area, conference room, coffee room with connections for washer and dryer, a private office in the back. Fully ADA compliant. Two designated, covered parking spaces adjoin the condo, and another designated parking space in the underground garage (elevator access to main floor). Close to the new Swedish Medical Center at Greenlake.
