Property summary
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
VerifiedCap rate & NOI
Current use
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Property Management Company Homeowners' Association
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Condominium Complex
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Construction Company General Contractor
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High School Daycare Center
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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