952 E Seneca St $12,995,000

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    952 E Seneca St Seattle, WA 98122

    • 0.17 Acres
    • Commercial/Industrial
    Listing# 1487625 | Active
    Days On Market: 149 151 Views
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    Property Details

    The Central Agency Building is located in the highly desirable Capitol Hill neighborhood. This investment offers a rare opportunity to purchase a trophy building which will adjust to a 5.5% cap rate at the beginning of 2023 when all leases adjust to market rates. The Central Agency Building has experienced substantial capital improvements including the replacement of the electrical system, HVAC system, sewer line system, sprinkler system, fire alarm system and roof with a 20-year warranty.

    • General Features
      • County King
      • Approx Building SqFt 0
      • Approx Office SqFt 0
      • Approx Whse/Mfg SqFt 0
      • Zoning Class Commercial, Retail
      • Selling Office Commission 2.0
      • Style 61-Comm Bldg Ovr 10K
      • Total Covered Parking 0
      • Total Uncovered Parking 0
      • Zoning Jurisdiction City
    • Building Features
      • Floor Covering Hardwood
      • Features Elevator, Storage
    • Property Features
      • Depth of Lot 0
      • Site Frontage 0
      • Water-Sewer-Garbage 21330
      • Sewer Sewer Connected
      • Energy Source Electric
      • Number of Available Pads 0
      • Lot Square Footage 7,358
    • Financials
      • Vacancy Rate 5
      • Total SqFt Rented 19,572
      • Total Monthly Rent $45,359
      • Gross Rent Multiplier 20
      • Cap Rate -NOI div LP 3.8
      • Gross Scheduled Income $619,860
      • Gross Adjusted Income $588,867
      • Total Expenses $94,860
      • NOI $494,007
      • Electrical Expenses $0
      • Tax Expense $51,337
      • Heating Expense $0
      • Insurance Expense $7,559
      • Other Expenses $14,634
      • Tax Year 2019
      • Annual Assoc. Dues $0

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    Neighborhood

    98122 (Seattle) Demographics

    32Median Age
    15,318Population Density (per sq. mile)
    72%College Educated
    $65,339 Estimated Median Income
    5,628Estimated Total Home Owners
    11,491Estimated Total Renters
    33% / 67%Estimated Owner / Renter Divide
    2Estimated Average Household Size
    35,445Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $814,000 Median Sales Price
    41 Homes Sold
    37 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $12,995,000
        7/10/2019 4:31:00 PM New in Database Source

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        This property search is part of the Berkshire Hathaway HomeServices Northwest Real Estate website. Listing information is courtesy of the WA-NWMLS and Berkshire Hathaway HomeServices Northwest Real Estate. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2019. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.