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Listed by:COMPASS • Henry DeCherney
$ 550,000
Est. payment /mo
Active
504 W Main St. W Auburn, WA 98001
8,710 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Active
Purchase Type For Sale
Subdivision Auburn
MLS Listing ID 2523372
Style 75 - Retail
Year Built 1911
Lot Size 8,710 Sqft
Lot Dimensions 134x65
Property Sub-Type Commercial Industrial
Property Description
This is a land and infrastructure play on Auburn's SR-167 freight corridor, one of the Pacific Northwest's primary industrial arterials. The 0.20-acre parcel carries Commercial / Light Industrial zoning, three-sided vehicle access including large truck delivery capacity, a high-clearance three-bay garage operational today, and a small loading dock. Annual taxes of $3,160 on a $550,000 ask reflect a King County assessment of $250,200, the gap between assessed and ask represents real upside for a buyer who understands this corridor. Comparable C/LI zoned parcels with equivalent SR-167 corridor access in Renton trade at a significant premium. Auburn's completed Environmental Impact Statement eliminates additional SEPA review, and city development fees have been frozen since 2009. The building is an additional asset, offered as-is. More info in supplements.
Location
State WA
County King
Area 310 - Auburn
Interior
Flooring Ceramic Tile, Laminate
Fireplace false
Exterior
Exterior Feature Wood
Roof Type Composition
Building
Sewer Sewer Connected
Water Public
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
"Three Trees" icon indicates a listing provided courtesy of NWMLS.