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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

3116 Smith St Seattle, WA 98199

3,006 SF Built 1955
Property ID
Property summary
AI-generated overview

This exceptional 3,006 square foot commercial condominium in Seattle's desirable Magnolia Village presents a unique investment opportunity. The property, built in 1955 and extensively renovated in 2019, comprises two separate units within a single building, offering flexibility for individual sale or combined ownership. Each unit boasts a private kitchenette and restroom, enhancing functionality and appeal to a wide range of tenants. The building sits on a 2,771 square foot lot and features excellent visibility and signage opportunities, a rare find in this location. The property benefits from ample hard-to-find outdoor space, a significant advantage for businesses seeking customer interaction or employee amenities. Currently vacant, this property is zoned NC3P-55(M), allowing for diverse uses including office, retail, residential, and live/work spaces, maximizing its potential for future income generation. The two-story building offers a total of 3,006 square feet, providing ample space for a variety of commercial ventures. The asking price is $2,500,000, representing a compelling investment in a thriving Seattle neighborhood. This is a rare opportunity to acquire a well-maintained, versatile commercial property in a highly sought-after location. The property's location at 3116 West Smith St, Seattle, WA 98199, places it within easy reach of various amenities and transportation options.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1955
Total area 3,006 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Yalnes, Inc. Homeowners' Association Property Management Company
  • Washington Condo Brokers, Inc. Condominium Complex
  • The Deck Repair Wizard - Seattle Construction Company General Contractor
  • Creative Arts For Children High School Daycare Center
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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