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311 3rd Street NE

Auburn, WA 98002
  • $1,350,000
  • STATUS: Active
  • ON SITE: 22 Days
  • ID#: 1945984
UPDATED: 32 min ago
$1,350,000
  • 0
    BEDS
  • 0.25
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1979
County:
Area:

School Ratings & Info

Northwest MLS logoListing Courtesy of John L. Scott, Inc..

Description

Excellent investment opportunity with a proforma cap rate of 7%. Multi-tenant office building in downtown Auburn perfect for many small and medium businesses. 5,600 SF retail/office space renovated in 2009, divisble to 4 private suites " one with a 7 foot bay door. 2 conveniently located restrooms on the main floor " wheelchair accessible, kitchenette/dining space. 4 gas & 4 electric meters, plenty of storage space, extra closets & 21 parking spaces! Located on busy Auburn Way close to medical center, shopping plazas and more. Zoned DUC " Downtown Urban Center.

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The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than NW Home Experts are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2022-06-26T09:15:05.227.

www.nwhomeexperts.com/homes/129501848
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311 3rd Street NE Auburn, WA 98002

  • Price: $1,350,000
  • Status: Active
  • On Site: 22 Days
  • Updated: 32 min ago
  • ID#: 1945984
0
Beds
0
Baths
0
½ Baths
0.25
Acres
1979
Built
Neighborhood:
Auburn
County:
King
Area:
Auburn
Property Description
Excellent investment opportunity with a proforma cap rate of 7%. Multi-tenant office building in downtown Auburn perfect for many small and medium businesses. 5,600 SF retail/office space renovated in 2009, divisble to 4 private suites " one with a 7 foot bay door. 2 conveniently located restrooms on the main floor " wheelchair accessible, kitchenette/dining space. 4 gas & 4 electric meters, plenty of storage space, extra closets & 21 parking spaces! Located on busy Auburn Way close to medical center, shopping plazas and more. Zoned DUC " Downtown Urban Center.
Exterior Features

Carport YN No Construction Methods Steel & Concrete Covered Spaces 0 Exterior Features StuccoWood Lot Size Dimensions 100X110 Open Parking YN No Parking Total 21 Roof Flat Structure Type Unspecified Style Code 60 - Comm Bldg Und 10K Topography Level

Interior Features

Building Area Total 0 Fireplace YN No Flooring LaminateCarpet Furnished Unfurnished Heating Cooling Type Forced Air Interior Features Forced AirWall To Wall CarpetLaminate Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Energy Source ElectricNatural Gas FIRPTAYN No First Right Of Refusal No Foundation Details Poured Concrete Irrigation Water Rights YN No Listing Terms Cash OutConventional Net Operating Income 94900 Possession Closing Possible Use CommercialIndustrialOffice Power Company Pse Power Production Type ElectricNatural Gas Property Condition Very Good Property Sub Type Commercial Industrial Senior Community YN No Sewer Sewer Connected Sewer Company City Of Auburn Special Listing Conditions None Tax Annual Amount 6900 Tax Year 2022 Utilities Sewer ConnectedElectricity AvailableNatural Gas Connected Water Company City Of Auburn Water Source Public Year Built Effective 2009 Zoning Class CommercialIndustrial-LightOffice Zoning Jurisdiction City

Listing information © 2022 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by NW Home Experts and should be verified by the buyer.


The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than NW Home Experts are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2022-06-26T09:15:05.227.

 
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Northwest MLS logoListing Courtesy of John L. Scott, Inc..