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Stacy Lopes

stacy@simplihom.com +1(509) 901-2643

Listed by:Real Broker LLC • TJ Dunbaden

$ 415,000

Est. payment -/mo

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Pending

22226 6th AVE S #101 Des Moines, WA 98198

0.34 Acres Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial Industrial

Listing Status Pending

Purchase Type For Sale

Subdivision Des Moines Waterfront

MLS Listing ID 2531566

Style 60 - Comm Bldg Und 10K

HOA Fees $299/mo

Year Built 2002

Annual Tax Amount $3,758

Lot Size 0.344 Acres

Property Sub-Type Commercial Industrial

Property Description

Calling all Investors! Amazing location for this Street-front retail condo ideally situated within blocks of the Des Moines Pier, Marina and Beach Park. This small mixed-use building has 16 residential condos above the street front retail with ample curbside parking for customers and residents. The well maintained Pier View Condominium Complex was built in 2002 with a private lobby, elevator and outside gated stair access. This unit features 4 offices, 1 reception area, 1 mudroom with sink and mini fridge, and a handicap accessible restroom. This condo is fully leased with 7 years left on a 10-year lease with annual 3% rent increases beyond the 2023 base year. Tenant pays all expenses including HOA increases and property taxes above the Base year. Located South and East of the Des Moines Park Conservation Area and within very close proximity to the Des Moines Marina.

Location

State WA

County King

Area 120 - Des Moines/Redondo

Interior

Flooring Carpet

Fireplace false

Exterior

Exterior Feature Cement/Concrete, Stucco

Roof Type Torch Down

Building

Sewer Sewer Connected

Water Public

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

"Three Trees" icon indicates a listing provided courtesy of NWMLS.

Nearby Locations

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+1(509) 901-2643

stacy@simplihom.com