3116 Smith St Seattle, WA 98199
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.
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Yalnes, Inc. Property Management Company Homeowners' Association
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Washington Condo Brokers, Inc. Condominium Complex
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The Deck Repair Wizard - Seattle Construction Company General Contractor
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Creative Arts For Children High School Daycare Center
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.