3104 Western Avenue

Seattle, WA 98121

  • Bed

  • Bath

  • 0 SqFt

  • 75 DOM

  • Built: 2008

  • Status: Active

$2,275,000

X

3104 Western Avenue

Seattle 98121

$2275000

  • Bed

  • Bath

  • 0 SqFt

  • 75 DOM

  • Built: 2008

  • Status: Active

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Srinivas Kasam

CEO & Founder

(650)533-3259

Secure access, 72-stall parking garage located in a Class A condo in Belltown, blocks to Seattle's waterfront & Seattle Center. 69 car spaces, 3 motorcycle stalls. Current monthly parking rates are below market with immediate upside potential allowing for a likely 7.6% cap rate. Out-of-town seller willing to carry the contract at 6.25% for 5 years with $1M down payment. Shrinking inventory of parking spaces as new construction typically provides less parking than needed and surface parking lots are redeveloped. Near $0 in maintenance costs given condo structure / HOA responsibility. Located within a well-maintained building. Car collector/owner-occupant opportunity. 40-50 spaces occupied by office building across the street with no parking.

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Residence Information

  • 0

  • 61 - Comm Bldg Ovr 10K

  • 2008

Features and Utilities

  • 0

Financial

  • 16586

  • 05-02-2025

Comparable Information

  • 75

  • 75

  • $2,625,000

  • $2,625,000

  • Jul 16, 2025 15:43

Schools

Map

Listing courtesy of Kidder Mathews.

The content relating to real estate for sale on this site comes in part from the IDX program of the NWMLS of Seattle, Washington. Real Estate listings held by brokerage firms other than this firm are marked with the NWMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2025 NWMLS of Seattle, Washington. All information provided is deemed reliable but is not guaranteed and should be independently verified. Kasamestates data last checked: Jul 23, 2025 19:09 | Listing last modified Jul 16, 2025 15:43. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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