504 W Main St. W in Auburn
| Listing ID: | 2476580 (Commercial) |
|---|---|
| Listing Price: | $550,000 |
| Days on Market: | 39 |
Details | |
| Lot Size: | 0.20 acre (8,710 sqft) |
This is a land and infrastructure play on Auburn's SR-167 freight corridor, one of the Pacific Northwest's primary industrial arterials. The 0.20-acre parcel carries Commercial / Light Industrial zoning, three-sided vehicle access including large truck delivery capacity, a high-clearance three-bay garage operational today, and a small loading dock. Annual taxes of $3,160 on a $550,000 ask reflect a King County assessment of $250,200, the gap between assessed and ask represents real upside for a buyer who understands this corridor. Comparable C/LI zoned parcels with equivalent SR-167 corridor access in Renton trade at a significant premium. Auburn's completed Environmental Impact Statement eliminates additional SEPA review, and city development fees have been frozen since 2009. The building is an additional asset, offered as-is. More info in supplements.
This listing is provided courtesy of NWMLS, contributed by simpliHOM Residential.
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