Pier View (Status: Available) 517500

22240, 6th Avenue, Des Moines, WA  98198

Investors this is for you; This street-front retail condo is ideally located within blocks of the Des Moines Pier, Marina and Beach Park. This small mixed-use building has 16 residential condo’s 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 private lobby, elevator and outside gated stair access. This unit is fully leased with 9 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. Don’t miss this one, they don’t come along often at an affordable price. Rainier Title and Escrow File #819925RT.

Listing Details

Asset Class: Retail,Office
Year Built: 2001
Building Total Square Feet: 18794
Available Lease Space Square Feet: 1080
Number of Floors: 1
Total Parking Spaces: 1
Local Zoning Information: D-C

Listing Courtesy of: Coldwell Banker Bain Mercer Is

Disclaimer: The information contained in this listing has not been verified by Pacific Continental Realty, LLC and should be verified by the tenant or buyer.