1. Washington
2. Seattle
3. 3104 Western Avenue

3104 Western Avenue, Seattle, WA 98121

Property Description

This listing courtesy of Dan Swanson, Kidder Mathews

Secure access, 72-stall parking garage located in a Class A condo in Belltown, blocks to Seattle's waterfront & Seattle Center. 69 car spaces, 3 motorcycle stalls. Current monthly parking rates are below market with immediate upside potential allowing for a likely 7.6% cap rate. Out-of-town seller willing to carry the contract at 6.25% for 5 years with $1M down payment. Shrinking inventory of parking spaces as new construction typically provides less parking than needed and surface parking lots are redeveloped. Near $0 in maintenance costs given condo structure / HOA responsibility. Located within a well-maintained building. Car collector/owner-occupant opportunity. 40-50 spaces occupied by office building across the street with no parking.

Listing Status:

Active

Listing Office:

Kidder Mathews : 360-705-2800

Listing Agent:

Dan Swanson : 360-705-2800

MLS ID:

2369846

Interior

• A/C: None
• Heating: None
• Fireplace: Fireplaces: 0

Exterior

Construction

Location

Lot

Financial

This listing courtesy of Dan Swanson, Kidder Mathews