Pier View Condominiums Unit #101

22226 6th Ave S, Des Moines, WA 98198

  • For Sale $517,500
  • Property Type Retail - Street Retail
  • Units 1
  • Lot Size 15,000 SF
  • # of Floors 1
  • Year Built 2002
  • Year Renovated 2002
  • Date Updated May 1, 2024
  • Website www.cbcworldwide.com
Investors this is for you; This street-front retail condo is ideally located within blocks of the Des Moines Pier, Marina and Beach Park. This small mixed-use building has 16 residential condo's above the street front retail with ample curbside and covered parking for customers and residents. The well maintained Pier View Condominium Complex was built in 2002 with private lobby, elevator and outside gated stair access. This unit is fully leased with 9 years left on a 10-year lease with annual 3% rent increases beyond the 2023 base year. Tenant pays all expenses including HOA increases and property taxes above the Base year. Don't miss this one, they don't come along often at an affordable price. Rainier Title and Escrow File #819925RT.

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Attachments

Highlights

  • Located South and East of the Des Moines Park Conservation Area and within close proximity to the Des Moines Marina. This property is conveniently located near major transportation hubs and freeway systems with convenient access to local shops and services.
  • Highway 516 to South 223rd Ave. then Left to 6th Ave. South; Pier View Condominiums at the corner of 6th and South 223rd Ave.
  • Age: 21-30 Years Old
  • Area Amenities: Area Boat Dock
  • Area Amenities: Boating
  • Area Amenities: Community Slip
  • Body of Water: Sound
  • Heating Type: Baseboard
  • Lot Description: Access Type - Road
  • Lot Description: Corner
  • Lot Description: Level
  • Lot Size: Under 1/2 Acre
  • Sewer: City
  • Water: City Water
  • Close proximity to the Des Moines Pier, Marina, restaurants and shopping. Well maintained ground-floor retail unit with 10-year lease. Perfect for small investors with built-in rent escalation of 3%/year from the Base Year. Numerous restaurants and amenities nearby including the Des Moines Beac...

Contacts

broker

Keith McKinney

Coldwell Banker BAIN

(425) 221-8557

Location

Getting Around

  • Walk Score ®

    83/100 Very Walkable

  • Bike Score ®

    45/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Des Moines, WA
  • Neighborhood Marina District
  • Zip Code 98198
  • Market Seattle

Points of Interest

  • Angle Lake

    1.97 miles

  • S Station

    2.80 miles

  • B Station

    2.92 miles

  • A Station

    3.02 miles

  • Capital Aeroporter Airport Shuttle

    3.13 miles

  • D Station

    3.21 miles

  • C Station

    3.24 miles

  • SeaTac/Airport

    3.32 miles

  • N Station

    3.40 miles

  • Kent

    4.57 miles

  • 76

    0.17 miles

  • Shell

    0.42 miles

  • Sun Mart

    1.41 miles

  • Blink

    1.48 miles

  • ChargePro

    1.54 miles

  • Shell

    1.57 miles

  • Chevron

    1.76 miles

  • Arco

    1.78 miles

  • 7-Eleven

    2.03 miles

  • Chevron

    2.03 miles

  • Rental Office Parking

    1.21 miles

  • Resident Parking

    1.25 miles

  • North Parking Lot

    1.42 miles

  • South Parking Lot

    1.55 miles

  • Admin Parking Lot

    1.63 miles

  • Greenside Parking

    1.64 miles

  • Sea-Tac Parking

    1.65 miles

  • East Parking Lot

    1.66 miles

  • SeaTacPark

    1.88 miles

  • Kent-Des Moines Park & Ride

    1.95 miles

  • Origin Vietnamese Bistro

    0.08 miles

  • All Star Sports Bar

    0.11 miles

  • Waterside Bistro

    0.11 miles

  • Dragon Gate Restaurant

    0.11 miles

  • Des Moines Doghouse

    0.13 miles

  • The Scotch and Vine

    0.14 miles

  • Aurturo's Mexican Restaurant

    0.15 miles

  • Athens Pizza

    0.16 miles

  • New Tokyo Teriyaki

    0.16 miles

  • Wally's Chowder House Broiler

    0.20 miles

  • Safeway

    1.41 miles

  • The Market at La Plaza

    1.56 miles

  • Baghdad Halal Market

    1.56 miles

  • Del*Rio Supermarkets

    2.06 miles

  • Fred Meyer

    2.34 miles

  • Bombay-Fuji Bazaar

    2.45 miles

  • Grocery Outlet

    2.65 miles

  • QFC

    2.78 miles

  • Safeway

    3.05 miles

  • Babylon Halal Food

    3.64 miles

Frequently Asked Questions

What is the lease rate for Pier View Condominiums Unit #101?

Rental asking rate at Pier View Condominiums Unit #101 is $258,750.00/YR.

When was this property built?

Pier View Condominiums Unit #101 was built in 2002.

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Contact Listing Broker

broker

Keith McKinney

Coldwell Banker BAIN

(425) 221-8557