Property Details

407 W Galer St

Seattle, WA 98119

$1,325,000

Pending

CBA# 709965 courtesy of CBA Listing firm: Windermere-Midtown Commercial

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Office / Retail

Property Type

2,086

Bldg Sq Ft

5.00%

Cap Rate

2007

Year Built

Property Overview

Rare opportunity to purchase a freestanding commercial retail building in a coveted top of Queen Anne location. Studs out remodel in 2007 including all new electrical, plumbing, HVAC & ADA ramp. The 2,086 SF building is currently configured as a Salon & Spa but the open floor plan makes it ideal for many different uses. The first floor is flooded by natural light from the floor-to-ceiling windows fronting West Galer St. and features a large reception/waiting area, 4 salon stations, hair washing space, kitchenette, W/D, storage & restroom. The 2nd floor has a quaint waiting nook, 5 private spa rooms, kitchenette, shower, W/D & restroom. Flexible NC2P-55 zoning allows for a variety of uses including retail, office, residential, etc. Leased to a single tenant on a NNN lease until 12/15/28. No option to extend the lease, but long-term tenant indicates they'd like to stay. Available for an owner-user to occupy upon lease termination, or continue collecting rent and the realizing the benefits of owning a hands-off investment property in an unbeatable location. Please don't disturb tenant.