31003 18th Avenue S, Federal Way, WA 98003
- $940,000
Listing courtesy of Keller Williams Rlty Bellevue. Selling Office: Red Rock Real Estate.
- Sold Price
- $940,000
- List Price
- $950,000
- Status
- SOLD
- MLS#
- 2215791
- Closing Date
- May 16, 2024
- Days on Market
- 4
- Annual Tax Ammount
- 11119
Property Description
Introducing prime commercial office buildings nestled within a mixed-use district! These two Class D buildings sit prominently on a corner lot and have a combined square footage of 5,193. Building One boasts 3,617 square feet (3,047 on the main level and 570 below), while Building Two offers 1,576 square feet. Together, both structures can accommodate up to six separate office spaces, each with their own entrance and bathroom. Buyer can occupy both buildings, or occupy only a portion and rent out the rest. Benefitting from versatile BC zoning, the site enjoys a broad spectrum of potential uses, opening doors to a multitude of business ventures. Located one block from Pacific Hwy and only 5 minutes to I-5 and new light rail station.
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Additional Information
- Community
- Central Federal Way
- Building Condition
- Average
- Style
- 73 - Office
- Year Built
- 1945
- # of Assigned Spaces
- 26
- Roof
- Composition
- Tax Year
- 2024
- Potential Terms
- Cash Out, Conventional
- Interior Features
- Wall to Wall Carpet
- Flooring
- Vinyl, Carpet
- Driving Directions
- From Pacific Hwy S, turn east onto S 310th St. Property on right before 18th Ave S.
- Energy Source
- Electric
- Net Operating Income
- $63,808
- Gross Adjusted Income
- $84,000
- Gross Scheduled Income
- $84,000
- Water/Sewer/Garbage Expenses
- $4,167
- Cap Rate
- 6.72
- Total Expenses
- $20,192
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.