Ballard Urban Village Mixed-Use
CALL FOR OFFERS – 10am 6/10/20.
High traffic corner Mixed-Use property in Ballard NC1-40(m) Urban Village comprised of: two 720sf 1bed/1bath residential units over one combined 1,440sf corner retail space and one detached 1,088 sf garage/workshop space with heat. Units separately metered for power and gas. Below market rents. Great commercial owner user purchase with SBA loan, or opportunity to redevelop into townhomes or SEDU’s on whole or part of the site. Existing Commercial easily split into two spaces. See Video attached to listing. Financials reflect current under-market rents and un-reimbursed expenses situation. Existing Tenants on m2m or leases, one apt on lease to Oct. Proforma produces a 4.8 cap with market rents and reimbursements for NNN expenses from commercial & workshop and w/s/g exp from Apts. NC1-40(M) Urban Village provides 3.0 FAR with no parking required for redevelopment.situated roof top deck with 360 view of Space Needle, Elliott Bay & Downtown.MLS# 1582399 Property Website