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3919 Unit Seattle, WA 98105

OFF-MARKET Commercial real estate Google Maps
Built 1999
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional investment opportunity presents a 2405 square foot office space located at 3919 Latona Avenue NE, Unit #C1, Seattle, WA. Priced at $875,000, this property boasts a prime location just one block from the picturesque Lake Union, offering convenient access to dining, the University of Washington hospital, and more. The space itself is well-appointed, featuring two bathrooms, a kitchenette/break room, dedicated conference rooms, open work areas, and a reception area, making it ideal for a variety of businesses. The unit is situated within a mixed-use complex, combining commercial/retail spaces on the ground floor with residential condos above. A significant advantage is the inclusion of six reserved parking spaces within a secure parking garage (three tandem spaces providing six total spots). Currently leased to a non-profit organization, the existing lease is nearing expiration, but the tenant has expressed strong interest in renewal, presenting a stable income stream for the new owner. The property's proximity to Lake Union, coupled with its functional layout and ample parking, makes this a highly desirable investment opportunity in a thriving Seattle neighborhood. The building offers wide sidewalks and is easily accessible.

Property profile

Verified
Property type Commercial real estate
Year built 1999

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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