3104 Western Avenue
Seattle, WA 98121
Description
Secure access, 72-stall parking garage located within a Class A condominium in Belltown, blocks to Seattle's waterfront and Seattle Center. 69 car spaces and 3 motorcycle stalls. Current monthly parking rates are below market with immediate upside potential allowing for a likely 6.5% cap rate. Out-of-town seller willing to carry the contract with 40% down payment. Shrinking inventory of parking spaces as a new construction typically provides less parking than needed and surface parking lots are redeveloped. Near $0 in maintenance costs given condo structure / HOA responsibility. Located within a well-maintained building. Car collector/owner-occupant opportunity. 40-50 spaces occupied by office building across the street with no parking.
Property Details
- Style61 - Comm Bldg Ovr 10K
- Property SubtypeCommercial Industrial
- Date ListedMay 02, 2025
- Structure TypeUnspecified
- Original List Price$2,625,000
- Property TypePurchase
- SubdivisionBelltown
- Taxes Annual$16,586
- MLS #2369846
- Cost2625000
- MLS #2369846
- Year Built2008
- CountyKing
- Hoa Fees1000
- Days on Market (Cumulative)1
Location
Legal
The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.
Based on information submitted to the MLS GRID as of 2025-05-02 21:35:11. 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.
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Listing Courtesy
Listing Agent: Dan Swanson (#NWM38720)
Listing Office: Kidder Mathews (#NWM128)
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