Bought with ZNonMember-Office-MLS
$1,346,360
$1,388,000
3.0%For more information regarding the value of a property, please contact us for a free consultation.
10,500 Sqft Lot
SOLD DATE : 01/18/2019
Key Details
Sold Price $1,346,360
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Sold
Purchase Type For Sale
Subdivision North Bend
MLS Listing ID 1373530
Sold Date 01/18/19
Style 61 - Comm Bldg Ovr 10K
Year Built 1939
Lot Size 10,500 Sqft
Property Description
The Old North Bend City Hall is located just one block off North Bend Way. The property offers two different types of use. The old fire department that has been uniquely crafted into an open restaurant/bar layout. The second space offers 5,093 square feet of office space currently occupied by city halls administrative workers, along with the mayor. Currently, the city occupies 62% of the building of which they are paying no rent. With market rents, the building is priced at a 7.32% cap rate.
Location
State WA
County King
Area _540Eastoflakesam
Interior
Fireplace false
Exterior
Exterior Feature Wood Products
Utilities Available Electric
Roof Type Composition
Building
Sewer Available
Water Community
Others
Acceptable Financing Cash Out
Listing Terms Cash Out
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