1609 1611 Fairview Avenue E, Seattle, WA 98102

$1,300,000

Listing courtesy of RE/MAX Prime.

List Price
$1,300,000
Status
ACTIVE
MLS#
1825488
Days on Market
103

Property Description

RARE, RARE, RARE opportunity to own industrial property on South Lake Union! This amazing .31 acre parcel has 3 docks, 3 access points from Fairview Ave E and a great 1864 sf boathouse. This property sits amidst the only industrially-zoned section on the East side of the lake. Property is an estate and being sold AS-IS. The seller is attempting to have the boats on the property removed, as they do not belong to the estate. One of the boats is lived on, however, there is no current lease agreement. The 2 party barges moored on the property appear to have a current lease. If enforceable it expires 8/2023 with five-year renewal option &, the current rent to be collected monthly is $4500. PLEASE SUBMIT HIGHEST/BEST OFFERS NO LATER THAN 11/25/21

Additional Information

Community
Eastlake
Building Condition
Good
Style
70 - Industrial
Year Built
1956
Roof
Metal
Tax Year
2021
Potential Terms
Cash Out, Conventional
Driving Directions
From I-5 N take exit 167on the left onto Mercer St, then turn right onto Fairview Ave N, left onto Fairview Ave E and follow to 1609 on right (between E Garfield & E Blaine).
Electric Expenses
362
Energy Source
Electric
Gross Scheduled Income
$4,500
Water/Sewer/Garbage Expenses
$324
The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks