Washington Street - Office 4 Plex

244 West Washington Street, Sequim, WA

$1,199,950

Price

6.99%

Cap Rate

$82,800

NOI

Overview
Cap Rate
6.99%
NOI
$82,800
Building Size
4,400 sqft
Lot Area
0.43 acres
Occupancy
100%
Units
4
Year Built
1974
Zoning
DC - Downtown Core
Floors
1
Parking Spots
32
Description

Incredible commercial investment opportunity w/ high visibility & traffic from one of Sequim’s busiest streets! Fully leased. Versatile internal layout including kitchen & 5 bathrooms w/ potential to be split into up to 4 units w/ separate exterior entrances. Parking is never an issue for clients & employees, thanks to a large onsite parking lot & ample street parking. Access from Washington St & alley. This property welcomes a wide range of uses w/ flexible DC (Downtown Core) zoning in the heart of Sequim.


Sequim is in Clallam County on the Olympic Peninsula. The Olympic mountains border to the south and the Strait of Juan de Fuca to the north.  The "Blue Hole of Sequim" refers to the rain shadow effect enjoyed by the area residents. On average the area receives only sixteen to seventeen inches of rainfall each year. The city population as of 2020 was 8,018 with the greater area servicing a population of over 77,155.


Heavy foot traffic. High visibility. Busy street. Core of downtown.


Location