14802 International Boulevard, Tukwila, WA 98168

$2,230,000

Listing courtesy of Better Properties NW. Selling Office: Homes & Equity Real Estate Grp.

Sold Price
$2,230,000
List Price
$2,500,000
Status
SOLD
MLS#
2188081
Closing Date
May 15, 2024
Days on Market
43
Annual Tax Ammount
20284

Property Description

This commercial property is situated in a prime location on International Boulevard in Tukwila, making it an ideal investment opportunity for developers, investors, and owner-users alike. The property is home to well-known neighborhood businesses and boasts multiple long-term tenants, making it a great value and an excellent opportunity for those looking to invest in commercial real estate. With an impressive 7% cap rate, this property can provide a solid return on investment. The building features a spacious interior that can be customized to suit your business needs. Additionally, the property offers ample parking space for customers and employees, making it convenient for visitors to access the building.

Additional Information

Community
Tukwila
Building Condition
Fair
Style
61 - Comm Bldg Ovr 10K
Year Built
1967
# of Assigned Spaces
40
Roof
Flat, Torch Down
Tax Year
2022
Potential Terms
Cash Out, Conventional
Interior Features
Concrete, Laminate, Wall to Wall Carpet
Flooring
Concrete, Laminate, Carpet
Driving Directions
South I-5Take exit 154. merge onto WA-518 W, follow signs to WA-99 N, use the L 2 lanes turn L onto Pac Hwy S/Tukwila inter Blvd, turn R onto S 148 st, then Turn R.
Electric Expenses
6886
Other Expenses
6397
Energy Source
Electric, Natural Gas
Net Operating Income
$156,438
Gross Scheduled Income
$203,280
Water/Sewer/Garbage Expenses
$4,088
Cap Rate
7
Total Expenses
$46,842
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