Gold Brothers

Retail: Mixed Use
Pending

3001 Beacon Ave S, SeattleWA 98144

Property Details

Location

Address
3001 Beacon Ave S, SeattleWA 98144
County
King
Submarket
CBA S. Seattle
Parcels
0597000625, 0597000620

Building Size

Building Size
2,756 SF
Rentable Space
2,740 SF

Building Details

Type
 Retail: Mixed Use  
 Pending
Number of Buildings
1
Number of Units
4
Occupancy Type
Multi-tenant
Percent Occupied
100%
Building Class
C
Building Status
Existing
Floors
1
Year Built
1956
Year Renovated
1980
Sprinklers
Parking Ratio

Land & Utilities

Land (Acres)
0.09 Acres
Land (SF)
3,877 SF
Topography Desc.
Level corner lot
Electricity
Yes, City, Seattle City Light
Natural Gas
Yes, PSE
Sanitary Sewer
Yes, City
Water
Yes, City
Zoning
NC2P55
Lot Depth
53 ft
Lot Width
80 ft

Contacts

Current Listings

Floor 1

$2,000,000
Cap Rate: 2.91%

Redevelopment site near Beacon Hill light rail station. Prime 80’x53’ property occupies the southwest corner of Beacon Ave S and S Stevens St, just 2 blocks from station and zoned NC2P55 which allows for a variety of uses. Preliminary feasibility study suggested a 5-story building with 24 SEDU residential units and 1,865 Sqft of first floor commercial space. Second option is 1,815 sqft of street level retail/commercial, plus 16 units mixed studio and 1-bedroom apartments, for a total of nearly 16,000 sqft gross building area. Current 2,756 sqft building hosts a good mix of 4 neighborhood businesses, producing a combined annual income of $64,080. Opportunity such as this does not present itself often. Take advantage of it.

Redevelopment site near Beacon Hill light rail station. Prime 80’x53’ property occupies the southwest corner of Beacon Ave S and S Stevens St, just 2 blocks from station and zoned NC2P55 which allows for a variety of uses. Preliminary feasibility study suggested a 5-story building with 24 SEDU residential units and 1,865 Sqft of first floor commercial space. Second option is 1,815 sqft of street level retail/commercial, plus 16 units mixed studio and 1-bedroom apartments, for a total of nearly 16,000 sqft gross building area. Current 2,756 sqft building hosts a good mix of 4 neighborhood businesses, producing a combined annual income of $64,080. Opportunity such as this does not present itself often. Take advantage of it.

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Commercial Location Score (CLS) is a scoring system developed by Moody's Analytics to help commercial real estate professionals gain a quick understanding of the major factors that affect the value of a location. It's designed as a means to consistently evaluate a location's suitability/desirability for a particular use based on a number of factors.

Source: Paul Lau

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