Kidder Mathews has been retained as the exclusive broker in connection with soliciting offers to purchase the fully leased gas and service station in the heart of the Magnolia village. Situated on 10,000 square feet, the property has an existing gas and service station signed to a triple net lease through 2020. With public streets on three sides and a flexible neighborhood community zone, this property is an excellent cash flowing opportunity with long term development potential.
Situated directly in the middle of the commercial district within Magnolia, one of the highest net wealth neighborhoods in Seattle, the property is ideally located to capitalize on the high traffic and visibility of the posh neighborhood. With a median household income within one mile of the property at over $108,000, this high net wealth area drives consistently strong rents and high quality, local retail tenants.
The property is being marketed for sale at $1,850,000. Offers may be submitted at any time. A call for offers deadline may be announced.
Gary Guenther, SIOR
Rob Anderson, JD