3104 Western Avenue in Seattle
| Listing ID: | 2369846 (Commercial) |
|---|---|
| Listing Price: | $2,625,000 |
| Days on Market: | 2 |
Details |
Secure access, 72-stall parking garage located within a Class A condominium in Belltown, blocks to Seattle's waterfront and Seattle Center. 69 car spaces and 3 motorcycle stalls. Current monthly parking rates are below market with immediate upside potential allowing for a likely 6.5% cap rate. Out-of-town seller willing to carry the contract with 40% down payment. Shrinking inventory of parking spaces as a new construction typically provides less parking than needed and surface parking lots are redeveloped. Near $0 in maintenance costs given condo structure / HOA responsibility. Located within a well-maintained building. Car collector/owner-occupant opportunity. 40-50 spaces occupied by office building across the street with no parking.
This listing is provided courtesy of NWMLS, contributed by Kidder Mathews.
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