1900 116th Avenue NE # 100/1 Bellevue, WA $ 3,788,000
1900 116th Avenue NE # 100/1
$ 3,788,000
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1900 116th Avenue NE # 100/1

Bellevue, WA, 98004
$ 3,788,000
Baths0.0

Monthly Estimate*

$ 26,460

Listed by TEC Real Estate Inc.
1900 116th Avenue NE # 100/1, Bellevue, WA 98004 - Image 1
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View a Virtual Tour
Studio

Commercial Property for sale in Bellevue, WA

for $3,788,000. This building was built in 1979 on a lot size of 0.7999.

Exceptional Investment Opportunity.Prime Northwest Medical Building Suites#100 & 101 With 4,526 SF Space, Backed By 6 Years Of Lease With 2% Annual Increase. Two Units (#100 &101) For Sale,NOT THE BUILDING.Zoned BR-MO (Bel-Red Medical Office).Northwest Medical Building Commercial Condo Comprised 4 Units On Two Floors. Fully Tenanted With Separate Ownerships. Strategically Located Within Bellevue 116th Medical Corridor, Across Overlake Hospital With 30 Ground Ample Shared Parking Spaces, Ratio Of 3.67/1000 SF, 53 Walk Score & 48 Transit Score. Professionally Manage With 5.0%* Cap Rate. Building Age is 1979,Refurbish In 2013.Median Household Income Of $150,000 Within 5 Miles Radius. Exceptional Bellevue Medical Corridor Investment Opportunity

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Commercial Active

Price

$ 3,788,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 20,808

Style

Comm Bldg Und 10K

Lot Size

0.7999

Year Built

1979

Town/City

Bellevue

County/Region

King

MLS | Web ID

2196081

Features
General
Interior Features Ceramic Tile Laminate Wall to Wall Carpet
Sewer Sewer Connected
Heating Forced Air
Cooling Central A/C
Possession Closing See Remarks Tenant's Rights
Roof Composition
Exterior Features Wood
HOA 3547
Year Built 1979
Topography Level
Unit Number 100/1
Property SubType Commercial Industrial
Tax Year 2023
Assoc Fee Paid Per Monthly
County King
Net Operating Income 186961
Property Type Commercial Sale
HOA / Comm Assn Y
Subdivision Name Downtown
Possible Use Business Office See Remarks
Building Features Disabled Access Elevator Signage Included Sprinklered Storage
Special Listing Conditions None
Status Active
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
City Bellevue
Buyer Agent Compensation *2*
Senior Community Y/N N
Total Units 1
MLS Area 520 - Bellevue/West of 405
Lot Size Square Feet 34842
Carport Y/N N
Street Name 116th
Listing Terms Cash Out Conventional
Tax Annual Amount 20808
Property Condition Good
Public Remarks Exceptional Investment Opportunity.Prime Northwest Medical Building Suites#100 & 101 With 4 526 SF Space Backed By 6 Years Of Lease With 2% Annual Increase. Two Units (#100 &101) For Sale NOT THE BUI
Virtual Tour https://www.commercialexchange.com/listing/38182449/1900-100101-116th-Ave-NE-Bellevue-WA-98004
Structure Type Unspecified
Building Area Units Square Feet
Standard Status Active
Water Company City Of Bellevue
Total Actual Rent 20861
Zoning Class Business Office See Remarks
Property Style 60 - Comm Bldg Und 10K
Cap Rate 5
Adult Family Homes Commercial Industrial
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Interior
Flooring Ceramic Tile Laminate Carpet
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Street Suffix Avenue
Living Area Units Square Feet
Power Production Type Natural Gas
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Exterior
Water Source Public
Total Parking 30
Foundation Details See Remarks
Building Area Total 0
Lot Dimensions 34842
Lot Size Acres 0.7999
Lot Size Units Square Feet
Covered Spaces 0
Open Parking Y/N N
Irrigation Water Rights Y/N N
Site Frontage 153
Parking Uncovered Total 30
Lot Number 100 & 101
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Internal Only
OriginalMLSID NWM2196081
Street Number 1 1900
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* Excluded Features
List By
Chris K. Soon

Listing Agent

Tec Real Estate Inc.

Broker

Affordability Calculator

$28,194
Per Month
94%
6%
0%
Monthly Principal & Interest
$26,460
Monthly Property Taxes
$1,734
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
258624 Elementary School
258775 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/1/2024$3,788,000 Listed Price

Map


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1900 116th Avenue NE # 100/1, Bellevue, WA, 98004 is a Commercial Property for sale at $3,788,000 with a lot size of 0.7999. 1900 116th Avenue NE # 100/1 is a studio with 0.0 baths and was built in 1979. The property's zip code is 98004 which is in Bellevue, WA