4201 Aurora Avenue N, Seattle, WA 98103
- $1,775,000
Listing courtesy of Windermere West Metro.
- List Price
- $1,775,000
- Status
- ACTIVE
- MLS#
- 2579286
- Days on Market
- 1
- Annual Tax Ammount
- 12398
Property Description
Rare opportunity to own a highly visible, upgraded 4,000+ square foot two-story office building on Aurora Avenue North, featuring an incredible indoor swimming pool asset. This property is tailor-made for an owner-occupant looking to anchor their business on the main floor while enjoying immediate, stable cash flow from the NNN-leased upstairs tenant secured on two 3-year terms, or buy as an investment with a 5.48 cap rate. Capital improvements offer peace of mind and maximum efficiency, including a solar panel system, electric car charging, a brand-new HVAC system, professional video surveillance system, and beautifully refreshed exterior landscaping. Absolute comfort and quiet are guaranteed by massive 1-inch-thick, argon-filled Sound Control Glassing windows boasting a 0.27 U-factor and 3.7 R-value—nearly double local building code standards. Previously fully occupied, the owner intentionally vacated the main floor to accommodate a seamless transition for the next buyer. Complete with private parking for 3+ vehicles and other off street parking, this premier high-visibility location perfectly balances excellent location, energy efficiency and reliable commercial income. In addition the building offers stunning views of downtown Seattle, The Cascade Mountains and Mt Rainier.
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Additional Information
- Community
- Fremont
- Building Condition
- Good
- Style
- 73 - Office
- Year Built
- 1968
- # of Assigned Spaces
- 3
- Roof
- Flat
- Tax Year
- 2026
- Potential Terms
- Conventional
- Flooring
- Laminate, Carpet
- Driving Directions
- Easy access from Aurora Ave N., near Fremont, Wallingford and Greenlake. Parking on North side of building or use City-owned lot across the alley.
- Electric Expenses
- 1375
- Other Expenses
- 2662
- Energy Source
- Electric, Natural Gas
- Net Operating Income
- $97,240
- Gross Adjusted Income
- $124,377
- Gross Scheduled Income
- $124,377
- Water/Sewer/Garbage Expenses
- $3,584
- Cap Rate
- 5
- Total Expenses
- $27,137
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.