20036 19th Ave NE
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20036 19th Ave NE
1,922 SF Office Building Shoreline, WA 98155 $1,771,837 CAD ($922 CAD/SF)
Investment Highlights
- After remaining stagnant for nearly 30 years, Shoreline’s population has surged by more than 20% over the past decade.
- Proximity to accessible transit
- Situated just off I-5, this property offers access to major highways, employers, Ballinger Village Shopping Center, and Shoreline School District.
Executive Summary
The property is leased with a lease expiration in May 2025. There are two strategies, namely one for a developer and another strategy for a user. For the developer, the tenant is interested in renewing, which could provide interim income for a developer looking to build multifamily on the site. For a user, given there is no renewal option, a user could occupy the building after the lease expiration date in May 2025.
Taxes & Operating Expenses (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Taxes |
-
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-
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| Operating Expenses |
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| Total Expenses |
$99,999
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$9.99
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Taxes & Operating Expenses (Actual - 2024) Click Here to Access
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Owner User
Property Type
Office
Building Size
1,922 SF
Building Class
C
Year Built/Renovated
1948/1998
Price
$1,771,837 CAD
Price Per SF
$922 CAD
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
961 SF
Building FAR
0.20
Land Acres
0.22 AC
Zoning
CB - Central Business | CB, 60’ height limit
Walk Score ®
Very Walkable (71)
PROPERTY TAXES
| Parcel Number | 741770-0575 | Improvements Assessment | $287,402 CAD (2023) |
| Land Assessment | $667,293 CAD (2023) | Total Assessment | $954,695 CAD (2023) |
PROPERTY TAXES
Parcel Number
741770-0575
Land Assessment
$667,293 CAD (2023)
Improvements Assessment
$287,402 CAD (2023)
Total Assessment
$954,695 CAD (2023)
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Scott Rowe -
McCallum Mead -
Stuart Williams -
Alex Muir -
Lee & Associates Commercial Real Estate Services
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20036 19th Ave NE
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