14045 Midvale Avenue N, Shoreline, WA 98133
- $2,000,000
Listing courtesy of Paragon Real Estate Advisors.
- List Price
- $2,000,000
- Status
- ACTIVE
- MLS#
- 2570269
- Days on Market
- 0
- Annual Tax Ammount
- 18324
Property Description
The offering consists of two freestanding industrial buildings totaling 8,000 square feet (4,000 square feet each) on a 17,850 square foot lot zoned C1-75. Both buildings are of prefabricated metal construction with 18 foot clear heights and metal roofs, and are both occupied on separate net leases. The buildings were constructed in 1987. The site’s C1-75 zoning carries a 75 foot height limit, giving a future owner optionality beyond the current industrial use. The two building configuration, secured entry gate, and separately metered utilities also make the property well suited to an owner/user who wants to occupy one building and hold income from the second. Twenty open surface parking stalls serve the site, which sits within easy access to public transportation and close to restaurants, grocery stores, and other North Seattle services. The Midvale Industrial Buildings represent a rare opportunity to acquire a large, high-rise-zoned parcel in a premier urban location with both current income and transformative redevelopment upside. The combination of scale, zoning, transit access, and visibility makes this offering well suited for investors, developers, or family offices seeking a strategic foothold in one of Seattle’s oldest and most established neighborhoods.
Additional Information
- Community
- Northgate
- Style
- 70 - Industrial
- Year Built
- 1987
- Roof
- Composition
- Tax Year
- 2026
- Potential Terms
- Cash, Conventional
- Flooring
- Concrete
- Driving Directions
- Start on Aurora Ave N. Turn right onto N 143rd St. Turn right onto Midvale Ave N. Destination will be on the right.
- Other Expenses
- 2225
- Energy Source
- Electric
- Net Operating Income
- $100,166
- Gross Adjusted Income
- $126,393
- Gross Scheduled Income
- $126,393
- Cap Rate
- 5.01
- Total Expenses
- $26,227
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.