240 Gilman Blvd, Issaquah, WA 98027-2418
- Commercial real estate
- 18,312 SF
- 1.59 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 240 Gilman Blvd
- Year built
- 1984
- Construction
- WOOD
- Lot size
- 1.59 lot acres
- Zone code
- MU
- Property type
- Commercial real estate
- APN
- 282406-9194
- APU
- 2824069194
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Feb 22, 2019 | — | Shin Family LLC | Shin,kumok | Quit Claim Deed · related | — |
| Feb 21, 2019 | — | Shin Kumok | Shin Family Trust | Quit Claim Deed · related | — |
| Feb 5, 1999 | $3,050,000 | Shin Trust | Klein,ilmi | Grant Deed | $2.1M · Towne Bank |
| Nov 17, 1997 | — | Ilmi Klein | Gilman | Grant Deed · related | — |
| — | — | Shin Kum O Family Trust | — | Deed Of Trust · related | $150k · Banner Bank |
| — | — | Shin Kum O Family Trust | — | Deed Of Trust · related | $2.6M · Banner Bank |
| — | — | Shin Family LLC | — | Loan Modification · related | — |
| — | — | Shin Kum O Family Trust | — | Deed Of Trust · related | $2.9M · Sound Community Bank |
| — | — | Shin Kum O Family Trust | — | Deed Of Trust · related | $100k · Banner Bank |
| — | — | Shin Kum O Trust | — | Deed Of Trust · related | $250k · Banner Bank |
| — | — | Shin Trust | — | Deed Of Trust · related | $75k · Towne Bank |
| — | — | Shin,tr | — | Deed Of Trust · related | $2.4M · Banner Bank |
Description
This exceptional retail space, located at 240 NW Gilman Blvd in Issaquah, Washington, presents a fantastic opportunity for a discerning business. Part of the Gilman Station complex, this storefront offers 680 square feet of readily available space within a larger 18,312 square foot building. Built in 1989, the two-story building is situated in King County and boasts a convenient multiple-tenancy setup, fostering a vibrant and collaborative atmosphere. The property's address is easily accessible and benefits from high visibility, making it ideal for attracting customers. The available space is perfect for a variety of retail uses, offering ample room for showcasing products and providing excellent customer service. The property's location in Issaquah, WA, 98027 provides access to a thriving community with a strong local economy and significant foot traffic. This is a rare opportunity to secure a well-located retail space in a desirable area. The building's solid construction and established presence in the community ensure a stable and reliable investment. Interested parties are encouraged to inquire promptly to secure this exceptional retail opportunity. The property is currently listed for lease.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $5,855,000
- 6.5%
- $5,405,000
- 7%
- $5,020,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $6,323,000
Market price range: $3.67M - $17.8M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $9,335,000 Current use
- RESTAURANT
- $9,715,000 Change: +4% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $8,405,000 Change: -10% Conversion: Difficult
- OFFICE BUILDING
- $8,045,000 Change: -14% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Issaquah
- County
- King
- State
- Washington
- Longitude
- -122.04
- Latitude
- 47.5407
- CBSA code
- 42660
- CBSA name
- SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
