22226 6th Ave. S. #101, Des Moines, WA
Retail for Sale - $517,500 - 0.34 acres
Agent Info
Keith McKinney Coldwell Banker Bain |
Property Info
CIMLS# | 1158359 |
Location 22226 6th Ave. S. #101 Des Moines WA 98198 | |
Updated | April 19th, 2024 |
Type | Retail |
Price | $517,500 |
Land | 0.34 acres |
Property Description
Investors this is for you; This street-front retail condo is ideally located within blocks of the Des Moines Pier, Marina and Beach Park. This small mixed-use building has 16 residential condo's above the street front retail with ample curbside and covered parking for customers and residents. The well maintained Pier View Condominium Complex was built in 2002 with private lobby, elevator and outside gated stair access. This unit is fully leased with 9 years left on a 10-year lease with annual 3% rent increases beyond the 2023 base year. Tenant pays all expenses including HOA increases and property taxes above the Base year. Don't miss this one, they don't come along often at an affordable price. Rainier Title and Escrow File #819925RT.