Listing Provided Courtesy Of:
Sound Realty Group Inc and NWMLS
Address
3246 NE 85th Street Seattle, WA
Price
$ 3,342,000
Property Attributes
  • ID#1876000
  • TypeLand
  • CountyKING
  • CitySeattle
  • AreaNorth Seattle
  • NeighborhoodWedgwood
  • Zip98115
  • StyleRes-Less thn 1 Ac
  • Taxes$ 33438
  • Price$ 3,342,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size10,938 SqFt
Listing Provided Courtesy Of:
Sound Realty Group Inc and NWMLS
Data Source:
Northwest Multiple Listing Service (NWMLS)
Property Description

Multiple investment & development strategies abound in this offering featuring two properties - a stabilized 4plex & a commercial retail bldg leased by Wedgwood Ale House. The properties may be purchased individually or together & both offer the opportunity to retain current tenants or vacate them to coincide with a development timeline. Zoned NC2P-55, the parcels have been studied for vertical development; highest & best use would be a 5 story mixed-use w/ 32 apt units & 1400 SF of retail space (see OM for feasibility). 4plex tenants just below market rent, 0 vacancy since 2003. Apt NOI:$60,432/yr. Ale house lease through 2023, below market rent. Corner lots w/ fantastic location in the heart of bustling Wedgwood, so much opportunity!

Price History
1/6/2022 Listed $3,342,000

General Features

Building Area Units Square Feet
Carport Y/N No
City Seattle
County King
Directions North on 35th Ave, left on 85th St
Garage Y/N No
Gas Status On Property
High School District Seattle
Lot Size Square Feet 10938
MLS Area 710 - North Seattle
Possession Tenant's Rights
Possible Use Commercial
Property Style 40 - Res-Less thn 1 Ac
Property SubType Land
Property Type Land
Senior Community Y/N No
Sewer Available
Special Listing Conditions None
Standard Status Active
Status Active
Street Name 85th
Structure Type Unspecified
Subdivision Name Wedgwood
Tax Annual Amount 33438
Tax Year 2021
Terms Cash Out, Conventional
Utilities Natural Gas Available, Electricity Connected
Virtual Tour http://www.orioncp.com/wedgwood_apartments
Zoning Class Commercial

Interior Features

Electric On Property Y/N Yes
Fireplace Y/N No
Furnished Y/N Unfurnished
Living Area Units Square Feet
Street Suffix Street

Exterior Features

Irrigation Water Rights Y/N No
Lot Features Corner Lot, Sidewalk
Lot Size Acres 0.2511
Lot Size Units Square Feet
Road Surface Type Paved
View Y/N No
Water Source Available
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Land Average in 98115

Price
AVG $3.02M
$3.34M
Taxes
AVG $26,929
$33,438
Visits
AVG 130
13
Walkscore
AVG 71
79
Data Provided by Walkscore ® not using MLS data

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