Another winning investment from Victory Lane Brokerage is pending. This investment vehicle is offered at a competitive price of $1,100,000 as-is, where-is. Sellers are looking to retire. The deal is great for entrepreneur and developer. This offer is private and exclusive. Please contact me if you are interested in buying. Please review comparatives below to substantiate the validity of value in this acquisition.
This property as it has a lot of (hidden) added value. The location is perfect for an advanced convenience store. The neighborhood has no other choice but to travel to a big store for simple basics. The (2) existing apts can be turned into 4 units. Please see the first few pages of the pdf presentation attached.
This has “owner occupied, live/work” all over it. The property is the deal, not the business. The business is a real value add.
The development play is the exit strategy. A three story apt bldg with 50/50 bldg/lot coverage. Lake Forest pk planning says they have it zoned for apt bldg, but the convenience store is grandfathered in.
The comp research is within one yr and less than 2 miles radius.
LIST OF ONE YR OLD SOLD COMPARATIVES
COMP 1 . $ 89 @ SQ. FT. SOLD LOT PRICE – 18023 3RD AVE NE – 1 mile distance
COMP 2. $119 @ SQ. FT. SOLD LOT PRICE – 1524 NE 169TH ST – 1. 2 miles distance
COMP 3. $ 85 @ SQ. FT. SOLD LOT PRICE – 19002 N. 192ND ST – 1.65 miles distance
COMP 4. $132 @ SQ. FT. SOLD LOT PRICE – 18019 AURORA AVE N – 1. 7 miles distance
COMP 5. $ 84 @ SQ. FT. SOLD LOT PRICE – 16815 BOTHELL WAY NE – 1. 93 miles distance
COMP 6. $121 @ SQ. FT. SOLD LOT PRICE – 14701 BOTHELL WAY NE – 2.5 miles distance
COMP 7. $ 51 @ SQ. FT. SOLD LOT PRICE – 15501 MIDVALE AVE N – 2 .4 miles distance
TOTALS- $681 / 7 COMPS = $97 @ SQ FT SOLD PRICE AVERAGE
SUBJECT PROPERTY IS 16,867 SQ. FT. LOT SIZE X $97 @ SQ FT AVERAGE
COMP SALE PRICE = $1,636,099 COMPARATIVE MARKET PRICE
OFFERED AT $1,260,000 / 16,867 SQ. FT. LOT SIZE $75 @ SQ. FT. ASKING PRICE
Headquartered in Marysville, WA. Victory Lane acquires, finance, design, permit, develop and operate commercial properties. We render real estate brokerage and business opportunities to better serve the owner/investor. Semi-annually we provide professional studies for todays entrepreneur.
This is a great deal that I hope you will find interesting. Let me know if you have any questions. Contact me at (206) 245-0159 or [email protected]
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