213 E Washington ST
In the heart of downtown Sequim WA
Marketing description
Excellent investment opportunity in ideal location, fully leased with long term tenants. High traffic along Sequim's busiest street (Washington St.) and on same block as US Post Office. Tenants: Edward Jones, La Petite Maison, Pedego Electric Bikes and Beal Carpet and Drapes. One tenant paying below market rent is month to month. Current Net income of $59,801. Parking lot with 14 dedicated spaces.
Investment highlights
La Petite Maison Blanche $1650/mo 1200sf Edward Jones $2025/mo lease ends 3/2026 1200sf Pedego Bikes $1815/mo lease
ends 9/2028 2540sf appr Beal Carpet $900/mo month-to-month 1300sf appr Annual expenses total is $16,891 Current net income
of $59,801 will increase to approx. $72K when last tenant is at market rent. Tenants pay electric, seller pays water, sewer, garbage.
Per seller, all interior walls can be moved/removed to make one large space and it is the main pillars that support the structure, not
the walls.
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