- Listing #:
- 2196113
- Price:
- $1,000,000
- Status:
- Active
- Property Type:
- Commercial
- Type:
- Comm Bldg Und 10K
- # of Acres:
- 0.29
- Year Built:
- 1940
- Comm/Assn:
- Sequim
- City:
- Sequim
- County:
- Clallam
- State:
- WA
- Zip:
- 98382
- Right of 1st Refusal:
- No
QR Code
Description
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 is 2024 and Pedego is 2028. Current Net income of $58,001. Parking lot with 14 dedicated spaces.
Property Features
- Cap Rate:
- - 5.6
- Cooling Y/N:
- - Yes
- Exterior Features:
- - Cement/Concrete
- - Wood
- :
- - Level
- Gross Scheduled Income:
- - $74,892.00
- Heating Y/N:
- - Yes
- Insurance Expense:
- - $6,581.00
- Interior Features:
- - Wall to Wall Carpet
- Lot Size Dimensions:
- - 125 x 100
- Net Operating Income:
- - $58,001.00
- Approx. Building Sq.Ft.:
- - 6,240.00
- Boundary Survey:
- - false
- Environmental Survey:
- - false
- Parking Uncovered Total:
- - 14
- Power Company:
- - Clallam PUD
- Sewer Company:
- - City of Sequim
- Style Code:
- - 60 - Comm Bldg Und 10K
- Total Expenses:
- - 16891
- Total Sq. Ft. Rented:
- - 6240
- Water Company:
- - City of Sequim
- Water Sewer Garbage:
- - 5545
- Zoning Class:
- - Commercial
- Zoning Jurisdiction:
- - City
- Other Expense:
- - 2202
- Parcel Number:
- - 033020530110
- Possible Use:
- - Commercial
- Property Condition:
- - Good
- Structure Type:
- - Unspecified
- Annual Tax Amount:
- - $2,563.00
- Tax Year:
- - 2023
- Total Actual Rent:
- - 6241
- Water Source:
- - Public