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Listed by:Real Broker LLC • TJ Dunbaden
$ 475,000
Est. payment | /mo
0.34 Acres Lot
$ 475,000
Est. payment | /mo
0.34 Acres Lot
Key Details
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Active
Purchase Type For Sale
Subdivision Des Moines Waterfront
MLS Listing ID 2531566
Style 60 - Comm Bldg Und 10K
HOA Fees $224/mo
Year Built 2002
Annual Tax Amount $3,758
Lot Size 0.344 Acres
Property Sub-Type Commercial Industrial
Property Description
Amazing location for this Street-front retail condo ideally situated within blocks of the Des Moines Pier, Marina and Beach Park. This small mixed-use building has 16 residential condos above the street front retail with ample curbside and covered parking for customers and residents. The well maintained Pier View Condominium Complex was built in 2002 with a private lobby, elevator and outside gated stair access. This condo is fully leased with 7 years left on a 10-year lease with annual 3% rent increases beyond the 2023 base year. Tenant pays all expenses including HOA increases and property taxes above the Base year. Located South and East of the Des Moines Park Conservation Area and within very close proximity to the Des Moines Marina.
Location
State WA
County King
Area 120 - Des Moines/Redondo
Interior
Flooring Carpet
Fireplace false
Exterior
Exterior Feature Cement/Concrete, Stucco
Roof Type Torch Down
Building
Sewer Sewer Connected
Water Public
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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