Property Details

2600 Thorndyke Ave W

Seattle, WA 98199

$8,325,000

Available

CBA# 704073 courtesy of CBA Listing firm: Paragon Real Estate Advisors

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Commercial

Property Type

25,724

Bldg Sq Ft

Units

1964

Year Built

Property Overview

Opportunities are Abundant! The Magnolia Portfolio offers a new investor the ability to acquire a 5 building assemblage suitable for a value add opportunity located in a core Seattle area. The current arrangement offers 41 residential units plus 2 commercial spaces and a single family house. All together the assemblage represents 48,462 square feet of LR3 (M) zoned dirt. The property is suitable for immediate development as multiple asset types depending on need allowing a new owner to operate the assets "as is" while navigating the permit process to maintain cash flow.