34049 Military Rd S Auburn, WA 98001
- Retail space
- 1,260 SF
- 0.39 lot acres
Current Use by Public Records
- Retail space
Property Details for 34049 Military Rd S
- Year built
- 1967
- Construction
- WOOD
- Lot size
- 0.39 lot acres
- Property size
- 1,260 SF
- Zone code
- NB
- Property type
- Retail space
- APN
- 506640-0382
- APU
- 5066400382
Description
This exceptional commercial property, located at 34049 Military Road South in Auburn, Washington, presents a unique investment opportunity. Situated on a prime corner lot, the property boasts excellent visibility and benefits from high traffic counts, ensuring maximum exposure for any business. The zoning designation is NB (Neighborhood Business), allowing for a wide range of commercial uses and development possibilities. Currently, the site includes a thriving espresso stand, consistently generating a monthly income of up to $30,000. In addition, a former auto retail shop building is also on the site, offering significant flexibility for various business ventures. The building's existing structure provides immediate occupancy potential, while the expansive lot allows for future expansion or redevelopment. The property's strategic location provides easy access to major highways, enhancing its appeal to businesses and customers alike. This versatile property is ideally suited for entrepreneurs and investors seeking a high-demand location with significant income potential and development flexibility. The asking price is $1,300,000. This is a rare chance to acquire a well-positioned commercial property in a thriving Auburn neighborhood. The property's existing income stream and diverse zoning make it an attractive investment for both short-term and long-term growth.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $305,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $280,000
- 6.5%
- $295,000
- 7%
- $310,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $280,000
- Geo Method
- $345,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $250,000
- Retail
- $275,000
- Mixed-Use
- $265,000
- Hospitality
- $330,000
- Educational
- $240,000
- Residential Income
- $325,000
- Energy
- $315,000
- Income-Based Land
- $260,000
- Food Service
- $270,000
Location Insight
- Map
- Local Demand
- City
- Auburn
- County
- King
- State
- Washington
- Longitude
- -122.274
- Latitude
- 47.2955
- CBSA code
- 42660
- CBSA name
- SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
