8040-8061 Lake City Wy NE $1,400,000

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    8040-8061 Lake City Wy NE Seattle, WA 98115

    • 0.16 Acres
    • Commercial/Industrial
    Listing# 1478210 | Active
    Days On Market: 121 0 Views
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    Property Details

    Zoning NC2-40. 6 tenant building on high traffic corner in the Roosevelt neighborhood with stable, long term tenants. Older building maintained in good condition. Solid performance as a stand alone building or redevelop.

    • General Features
      • County King
      • Approx Building SqFt 5,148
      • Approx Office SqFt 0
      • Approx Whse/Mfg SqFt 0
      • Zoning Class Retail
      • Style 75-Retail
      • Total Covered Parking 0
      • Total Uncovered Parking 2
      • Zoning Jurisdiction City
    • Building Features
      • Exterior Stucco, Wood
      • Foundation Poured Concrete
      • Roof Composition, Torch Down
      • Floor Covering Ceramic Tile, Concrete, Vinyl
      • Heating and Cooling Baseboard, Forced Air
    • Property Features
      • Depth of Lot 0
      • Site Frontage 120
      • Expansion Area N
      • Environment Survey N
      • Water-Sewer-Garbage 4200
      • Sewer Sewer Connected
      • Sewer Company Seattle
      • Energy Source Electric, Natural Gas
      • Power Company Seattle
      • Number of Available Pads 0
      • Lot Square Footage 7,123
    • Financials
      • Free and Clear N
      • Vacancy Rate 0
      • Total SqFt Rented 5,996
      • Total Monthly Rent $8,517
      • Gross Rent Multiplier 16
      • Cap Rate -NOI div LP 4.53
      • Gross Scheduled Income $96,443
      • Gross Adjusted Income $96,443
      • Total Expenses $32,981
      • NOI $63,460
      • Electrical Expenses $0
      • Tax Expense $11,810
      • Heating Expense $0
      • Insurance Expense $5,188
      • Other Expenses $11,783
      • Tax Year 2019
      • Annual Assoc. Dues $0

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    Neighborhood

    98115 (Seattle) Demographics

    38Median Age
    7,629Population Density (per sq. mile)
    78%College Educated
    $97,039 Estimated Median Income
    13,340Estimated Total Home Owners
    7,990Estimated Total Renters
    63% / 37%Estimated Owner / Renter Divide
    3Estimated Average Household Size
    50,258Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $775,000 Median Sales Price
    49 Homes Sold
    0 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $1,400,000
        8/22/2019 9:31:21 AM Price Reduced Source New Value: $1,400,000 -9.68%
        7/8/2019 8:01:05 PM Status Changed Source New Value: Active
        6/24/2019 8:21:12 PM Status Changed Source New Value: Pending Feasibility
        6/19/2019 10:31:00 PM New in Database Source New Value: $1,550,000

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        This property search is part of the Reliance Network website. Listing information is courtesy of the WA-NWMLS and Reliance Network. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2019. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.