This Commercial-Corridor 2 (C-COR2) zoned property presents a prime investment opportunity in Capitol Hill, strategically positioned along 14th Street and Highway 1 (16th Ave). Situated on a 5,000+ sq. ft. lot, the 4,600+ sq. ft. building, plus a 2,300 sq. ft. basement, accommodates a diverse tenant mix, including a liquor store, music school, coffee machine shop, and hair salon, providing a stable income stream with a 2025 city assessment of $1.46 M. The property features eight dedicated parking stalls and underwent electrical upgrades in 2022. With significant redevelopment potential, including the possibility of rezoning for a taller mixed-use development, this high-exposure, high-traffic location offers a compelling opportunity for investors seeking both immediate returns and long-term appreciation. Please don't approach the tenants. (id:55577)
Property Features
- MLS® Number A2202528
- Price $1,490,000
- Square Footage: 6675 sqft
- Property Type: Retail
- Community Name: Capitol Hill
- Plan 3150p
Buildings
| Age | Age Is Unknown | Size Exterior | 6675 Sqft |
| Size Interior | 6675 Sqft | Total Finished Area | 6675 Sqft |
| Type | Retail |
Land
| Acreage | No | Size Irregular | 5040.00 |
| Size Total | 5040 Sqft|4,051 - 7,250 Sqft | Size Total Text | 5040 Sqft|4,051 - 7,250 Sqft |
| Zoning Description | C-cor2 |
Agents and Offices
- Allen Tian
- Office: Cir Realty