Listing ID361193
Price$1,200,000
StatusActive
SqFt
6,240
Acres
0.290
CountyCLALLAM
Year Built1940
Property TypeCommercial-Industrial
Property Sub TypeBuilding/Land
Excellent investment opportunity in ideal location, fully leased with long term tenants. High traffic along Sequim's busiest street (Washington St.) and on same block as US Post Office. Tenants: Edward Jones, Habitat for Humanity, Pedego Electric Bikes and Beal Carpet and Drapes. One tenant paying below market rent is month to month. Edward Jones has a lease until 2026, Habitat and Pedego have leases until 2028. Current Net income of $62,194. Parking lot with 14 dedicated spaces.
County
CLALLAM
Property Sub Type
Building/Land
Property Type
Commercial-Industrial
Year Built
1940
Zoning
SC-3
Floors
WW Carpet, Wood
Lot Dimensions
125 X 100
Parking
Street, Off Street, On Site, Open
Power
PUD
Road Access
Public, Street
Sewage
City, Sewer
Structure Type
1 Story
Water
City
Area
780-SE Sequim
Location
Downtown
Location Description
Corner,Downtown
View
Unobstructed Mountains
Assets Included
Building, Land
Business Type
Retail
Commercial Sign
Yes
Cumulative DOM
28
Days On Market
28
First Photo Add Timestamp
2022-07-15T22:11:05+00:00
Possession
Closing, Subject Tenancy
Status Category
Active
SystemID
361193
Zoning Description
Commercial
Annual Expense
13896
Annual Income
76090
Annual Net
62194
Foreclosure
no
Owner Financing
no
REO
no
Sale/Rent
For Sale
Short Sale
no
Tax Exemption
None
Tax Parcel Number
033020530110
Tax Year
2022
Taxes Amount
3026
Terms
1031 Exchange, Cash, Conventional
Listing courtesy of RE/MAX Prime
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Contact - Listing ID 361193
Michael McAleer
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