2605 Cherry St Seattle, WA 98122 – Central District Development

2605, Cherry St, Seattle, WA  98122

For Sale

Central District Development (Status: Available) 3100000

2605, Cherry St, Seattle, WA  98122

SALE PRICE: $3,100,000.00PROPERTY OVERVIEW • Square feet: 7,682• Zoning: NC1-55(M)• 2 Parcels on Corner Lot• Parcel #1: 1211000020• Parcel #2: 1211000035CURRENT MARKET ANALYSIS• Subject property is zoned for mixed use commercial and residential. • Market cap Rate in the subject properties area is 3.9%• Vacancy rate in The Central market of Seattle ids 6.1% after being at a staggering 10%• Average market asking rent is $1,819• Average market price per unit is $448,000.00• Average current Rents per unit is as follows: • 3 bedrooms: $3,052• 2 bedrooms: $2,614• 1 bedroom: $1,880• Studio apartment: $1,366• Area is a young population looking for cheaper rent than the alternative downtown Seattle.• After the area was affected by the protests, the vacancy rate has rebounded and

Listing Details

Asset Class: Land
Year Built: 1949
Building Total Square Feet: 2310
Available Lease Space Square Feet:
Number of Floors: 2
Total Parking Spaces: 0
Local Zoning Information: NC1

CBA

Listing Courtesy of: Maple Leaf Real Estate LLC

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.

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