Listing Provided Courtesy Of:
TEC Real Estate Inc. and NWMLS
Address
1900 116th Avenue NE # 100/1 Bellevue, WA
Price
$ 3,695,950
Property Attributes
  • ID#1768708
  • TypeCommercial
  • CountyKING
  • CityBellevue
  • AreaBellevue-West Of
  • NeighborhoodDowntown
  • Zip98004
  • StyleComm Bldg Und 10K
  • Year Built1979
  • Taxes$ 24024
  • Price$ 3,695,950
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.8 Acres
Listing Provided Courtesy Of:
TEC Real Estate Inc. and NWMLS
Data Source:
Northwest Multiple Listing Service (NWMLS) - 21 - WA
Property Description

Exceptional Investment Opportunity. Prime Northwest Medical Building Suite #100 & #101 With 4,526 Space, Backed By 6 Years Of Lease With 2% Annual Increase. Zoned BR-MO (Bel-Red Medical Office).The Northwest Medical Building Commercial Condo Comprised 4 Units On Two Floors. Fully Tenanted With Separate Ownerships. Strategically Located Within Bellevue 116th Medical Corridor, Two Lower Floor Suites Separate Entry Is Ideally Situated, Easy Access To All Amenities. With 30 Ground Ample Parking Spaces, Ratio Of 3.67/1000 SF, 53 Walk Score & 48 Transit Score. Professionally Manage With 5.09% Cap Rate. Building Age is 1979,Refurbish In 2013. Median Household Income Of $150,000 Within 5 Miles Radius.Exceptional Bellevue Medical Corridor Investment

Price History
5/6/2021 Listed $3,695,950

General Features

Building Area Units Square Feet
Building Features Disabled Access, Elevator, Signage Included, Sprinklered, Storage
Carport Y/N No
City Bellevue
County King
Directions i-405 N, Exit 13-A/13-B For NE 4th Street, Right On Fork Merge Onto Ne 4th Street, Turn left ( North) On 116th Avenue NE, Northwest Medical Building On Right. Entry To Suite 100 & 101 Building Rear
Exterior Features Wood
Flooring Ceramic Tile, Laminate, Carpet
HOA Fee 3547
HOA Fee Frequency Not Specified
Insurance Expense 1436
Interior Features Ceramic Tile, Wall to Wall Carpet
MLS Area 520 - Bellevue/West Of
Net Operating Income 188226
Possession Closing, See Remarks, Tenant's Rights
Possible Use Business, Office, See Remarks
Property Style 60 - Comm Bldg Und 10K
Property SubType Commercial Industrial
Property Type Commercial Sale
PropertyCondition Good
Roof Composition
Senior Community Y/N No
Sewer Sewer Connected
Special Listing Conditions None
Standard Status Active
Status Active
Street Name 116th
Structure Type Unspecified
Subdivision Name Downtown
Tax Annual Amount 24024
Tax Year 2021
Terms Cash Out, Conventional
Topography Level
Total Actual Rent 19353
Total Units 1
Unit Number 100/1
Utilities Sewer Connected, Natural Gas Connected
Virtual Tour http://1900northwestmedical.ePropertySites.com
Water Company City Of Bellevue
Year Built 1979
Zoning Class Business, Office, See Remarks

Interior Features

Electric On Property Y/N No
Fireplace Y/N No
Furnished Y/N Unfurnished
Living Area Units Square Feet
Power Production Type Natural Gas
Street Suffix Avenue

Exterior Features

Foundation Details See Remarks
Irrigation Water Rights Y/N No
Lot Dimensions 34842
Lot Number 100 & 101
Lot Size Acres 0.7999
Lot Size Square Feet 34842
Lot Size Units Square Feet
Open Parking Y/N No
Parking Uncovered Total 30
Site Frontage 153
Total Parking 30
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 98004

Price
AVG $3.7M
$3.7M
Taxes
AVG $24,024
$24,024
Visits
AVG 83
82
Year Built
AVG 1979
1979
Walkscore
AVG 49
49
Data Provided by Walkscore ® not using MLS data

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