3406 E Union Street, Seattle, WA 98122

$5,000,000

Listing courtesy of Paragon Real Estate Advisors.

List Price
$5,000,000
Status
ACTIVE
MLS#
1832883
Days on Market
147

Property Description

Madrona gives potential buyers and investors the opportunity of owning a beautiful building in one of Seattle’s most affluent neighborhoods. Madrona is well located with easy access to Seattle’s Central Business District, I-5, and I-90, Located in the heart of Madrona, the subject property provides an ideal space for a local family office or commercial tenant. Additionally, the property presents developers with the opportunity to build a new project. The Madrona Commercial building has repeatedly been home to some of Seattle’s most successful, growing businesses. Glassybaby is the current occupant of the space.

Additional Information

Community
Central Area
Style
75 - Retail
Year Built
1924
Driving Directions
From downtown Seattle, head northwest on Madison St, then left on 2nd Ave, left onto Marion St, left onto 6th St, right onto Madison St, and right onto Union St
Other Expenses
6127
Net Operating Income
$199,761
Gross Adjusted Income
$239,639
Gross Scheduled Income
$247,051
Water/Sewer/Garbage Expenses
$9,600
Cap Rate
4
Vacancy Rate
3
Total Expenses
$39,878
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Calculator source: Real Geeks