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Property profile & analytics
OFF-MARKET
Day care centers

3116 Smith St Seattle, WA 98199

1,535 SF Built 1955
Property ID
Property summary
AI-generated overview

This 1,535 square foot, two-unit commercial condominium building in Seattle's Magnolia Village presents a unique investment opportunity. Built in 1955 and renovated in 2008, this mixed-use property boasts a prime location with excellent visibility and signage potential. The 1st-floor unit features concrete floors, exposed wood ceilings, two private offices, a kitchenette, an open work area, and a private restroom. A shared outdoor yard is available. The building sits on a 2,771 square foot lot and is zoned for multiple uses, including office, retail, residential, and live/work spaces. The asking price is $1,275,000, translating to $830.62 per square foot. This two-story building offers a versatile space ideal for a variety of commercial ventures. The property's flexible zoning and desirable location make it an attractive investment for both owner-occupants and investors seeking a strong return. The building's unique character, combined with its modern updates, creates a compelling opportunity in a thriving Seattle neighborhood. This is a rare chance to acquire a well-maintained commercial property in a highly sought-after area.

Property profile
Verified
Property type Day care centers
Year built 1955
Total area 1,535 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. Property Management Company Homeowners' Association
  • 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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