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    11616 Ambaum Blvd Burien, WA 98146

    For Sale
    $3,100,000

    High-Yield Investment Opportunity in Burien

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    311
    This exceptional investment property in Burien, WA, presents a rare opportunity to acquire a substantial multi-family and commercial complex. The portfolio comprises four buildings totaling seven commercial spaces and eleven apartments, strategically situated on a sizable lot including an additional half-acre of developable commercial land. The main building houses five commercial units on the ground floor and five apartments on the upper level. A separate corner building features both upper and lower-level commercial tenants. Adding to the property's income potential is a smaller house and a five-plex located behind the main structure. All buildings are well-maintained and currently boast 100% occupancy, generating a consistent rental income stream. Recent upgrades have enhanced the property's value and appeal. Ample parking is available for both commercial tenants and residential occupants. The additional half-acre commercial lot offers significant potential for future development and expansion, providing further opportunities to increase revenue. This turnkey investment is ideal for an experienced investor seeking a diversified portfolio with strong cash flow and significant upside potential in a thriving Burien location. The property is located at 11616 Ambaum Boulevard SW, Burien, WA and is listed at $3,100,000.

    Property Features for 11616 Ambaum Blvd

    General Information

    Property type
    Other commercial real estate

    Building Details

    Year Built
    1949
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Salmon Creek Laundromat Laundromat

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Burien
    County
    King
    State
    Washington
    Longitude
    -122.3543
    Latitude
    47.49877

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    FAQs

    What type of property is this?
    Commercial real estate - High-Yield Investment Opportunity in Burien
    Where is this commercial real estate located?
    The property is located at 11616 Ambaum Blvd Burien, WA.
    What is the asking price?
    The asking price for this property is $3,100,000.
    (206) 669-1711
    Request Owner's contact information
    11616 Ambaum Blvd Burien, WA 98146
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    11616 Ambaum Blvd Burien, WA 98146
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