Property Details

10821 1st Avenue S
Seattle, WA 98168
$4,999,999
MLS# 2520547 courtesy of NWMLS Listing firm: Michael J Real Estate LLC

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10821 1st Avenue S, Seattle, WA 98168, Seattle

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Commercial
Property Type
16,638
Bldg Sq Ft
1
Units
7.60%
Cap Rate
1956
Year Built

Property Overview

Imagine a Church that offers the World as the Bridge to the Community… Welcome to our 400+ seating Vibrant "Victory OutReach Seattle" foundation and invest here to build more on Flat 41,852 sqft land, 24+ years established CHURCH showcases 400+ seating sanctuary 150+ overflow with 12,000+ sqft main floor NO STAIRS, 1,000sq 2nd story, and 3,720sq basement, Total Building Size is 16,638sqft. Come experience a private tour or visit this Thriving Church Fridays/ Sundays in person to see the Vision of your new home. Turn key Amazing sound, LED screen, audio to dazzle the best crowds, 5 bathrooms, multiple office/ classrooms, Full Kitchen with 30 feet of open counter, multiple sinks, appliances stay, 400+ chairs, full daycare/children's facility, wide open foyer/greenroom for fellowship and the best coffee hour in town/ New coffee bar, 80+ parking stalls on site. Full Commercial CB Zoning may allow apartments, additional pads on site, with mixed use the sky is the limit. Relocation with the Lords Will takes us to a larger site & offers you a limited opportunity to purchase now, preference to cash, 1031 Exchange, and or short closing. Financing is possible as building has been recently remodeled, updated Air Conditioning, New Coffee Bar, Private Offices, Gift Shop, and don't miss the Giant LED screen.NOTE:Community Business (CB) zoning in unincorporated King County, WA, designates areas for local retail, services, and offices intended to serve surrounding neighborhood Section 21A

Property Details

Property Information

Property Type Commercial Sale
Subtype Commercial Industrial
Status Active
County King
Neighborhood White Center
Listed May 8, 2026

Financial Summary

Cap Rate 7.60%
Net Operating Income $377,900
Gross Scheduled Income $400,000
Gross Rent Multiplier 12.50
Total Expenses $22,100

Building & Use

Building Sq Ft 16,638
Total Units 1
Sq Ft Rented 16,638
Zoning Commercial
Possible Use Commercial
Lot Size 41,852 sqft
Year Built 1956

Exterior & Lot

Lot Size 0.96 sqft
Year Built 1956
Exterior Materials Brick, Stucco, Wood
Sewer Sewer Connected
Water Source Public
Exterior Features Brick, Stucco, Wood

Location

City Seattle
County King
Coordinates 47.50625, -122.33404

Additional Information

Tax Year 2025
Possession Array
Listed By
Michael J Jerabek
Michael J Real Estate LLC

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