Location, Location! Great opportunity to purchase this Excellent Commercial/Retail 9,600SF Building, 15,360SF Parcel, located in Downtown Renton, Great Visibility to both Foot & VPD Traffic, Corner lot on 3rd&Shattuck, Zone CD-Center Downtown. The building has 3 large divided Retail/Office spaces, Occupied by Well-Known long term tenants. Well Maintenance, High Ceiling W/skylight, ADA Compliance, Gas Meters, ParkingLots & Load/Unload Zone in Rear. City of Renton enters Phase 4 of improvements on 3rd St Project, include sidewalk widening, adding pedestrian-scale illumination, transit facility improvements, planted buffer strips & landscaped medians, etc. The building is close to Safeway, McLendon; Minutes to Hwy167, I405, Please come & see
IDX Wrapper
301 S 3rd Street
Renton,
WA $2,400,000
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Listing ID1833070
Sold For$2,400,000
StatusClosed
Sold Date7/20/2022
SqFt
9,600
Acres
0.353
CountyKing
SubdivisionDowntown Renton
Year Built1942
Property TypeCommercial Sale
Property Sub TypeCommercial Industrial
County
King
Property Sub Type
Commercial Industrial
Property Type
Commercial Sale
Subdivision
Downtown Renton
Year Built
1942
Approximate Office Square Feet
9600
Approximate Warehouse Manufacturing Square Feet
9600
Building Area Units
Square Feet
Building Features
Disabled Access, Signage Included
Ceiling Height
16
Flooring
Ceramic Tile, Laminate
Furnished
Unfurnished
Heating Cooling Type
Baseboard, Forced Air
Interior Features
Forced Air, Ceramic Tile, Laminate Tile
Living Area Units
Square Feet
Construction Methods
Advanced Wall, Standard Frame
Depth Of Lot
119
Elevation Units
Feet
Exterior Features
Cement/Concrete, Metal/Vinyl
Foundation Details
Block, Poured Concrete
Lot Size Dimensions
127 X 119
Lot Size Square Feet
15360
Lot Size Units
Square Feet
MLS Lot Size Source
Realist
Number Of Units Total
2
Parking Total
15
Parking Uncovered Total
15
Roof
Flat, Torch Down
Sewer
Sewer Connected
Sewer Company
City of Renton
Site Frontage
127
Structure Type
Unspecified
Style Code
60 - Comm Bldg Und 10K
Utilities
Sewer Connected, Electricity Available, Natural Gas Connected
Water Company
City of Renton
Water Source
Public
Country
US
MLS Area Major
340 - Renton/Benson Hi
Topography
Level
Zoning Class
Business,Commercial,Office,Retail
Zoning Jurisdiction
City
Boundary Survey
true
Effective Year Built Source
Public Records
Environmental Survey
true
First Right Of Refusal
no
Free And Clear
false
Green Energy Efficient
Advanced Wall
Mls Status
Sold
Offers
Seller intends to review offers upon receipt
Pad Ready
false
Possible Use
Business, Commercial, Office, Retail
Power Company
PSE
Power Production Type
Electric, Natural Gas
Preliminary Title Ordered
yes
Property Condition
Fair
Show Map Link
yes
Year Built Effective
2001
Buyer Financing
Not Disclosed
Cap Rate
5.04
Common Interest
Commercial Industrial
Gross Adjusted Income
160121
Gross Scheduled Income
92468
Improvements Assessed Value
938900
Insurance Expense
2500
Land Assessed Value
611600
Net Operating Income
123542
Other Expense
2500
Possession
Closing
Sale Type
MLS
Seller Disclosure
Provided
Special Listing Conditions
None
Tax Annual Amount
20371
Tax Year
2021
Total Actual Rent
6400
Total Assessed Value
1550500
Total Expenses
25371
Total Monthly Triple Net
1306
Total Sqft Rented
7220
Vacancy Rate
7
Year Value Assessed
2022
Based on information submitted to the MLS GRID as of Friday, March 29th, 2024 05:44:16 AM. 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.
Data services provided by IDX Broker