1102 28th Avenue Ct Milton, WA $ 1,750,000
1102 28th Avenue Ct
$ 1,750,000
New Construction
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1102 28th Avenue Ct

Milton, WA, 98354
$ 1,750,000
Baths0.0

Monthly Estimate*

$ 11,631

Listed by Windermere R.E. Northeast, Inc
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Studio

Commercial Property for sale in Milton, WA

for $1,750,000. This building was built in 2023 on a lot size of 0.2666.

Exceptional high visibility investment property in rapidly developing Milton location. Striking new construction drive through coffee stand offers fabulous curb appeal & long-term lease to popular Gravity Coffee tenant. Guaranteed 5-year lease generates excellent cash flow for future owner with base rent of $8,500/mo + NNN expenses. Tenant pays all utilities directly with option to exercise 4 additional lease extension periods of 5 years each. Lease extensions feature automatic base rent increases of 12.5% per extension. Desirable 11,613 SF level corner lot provides excellent traffic counts & 6 dedicated parking spaces. Incredible opportunity to own a brand new turnkey investment property with steady rental income in a fabulous location.

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Commercial Active

Price

$ 1,750,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 802

Style

Retail

Lot Size

0.2666

Year Built

2023

Town/City

Milton

County/Region

Pierce

MLS | Web ID

2192087

Features
General
Interior Features Concrete
Sewer Sewer Connected
Heating Heat Pump
Cooling Heat Pump
Possession Closing Tenant's Rights
Roof Metal
Exterior Features Cement/Concrete Stone
HOA 0
Year Built 2023
Topography Level
Property SubType Commercial Industrial
Tax Year 2023
County Pierce
Net Operating Income 102000
Property Type Commercial Sale
HOA / Comm Assn N
Subdivision Name Surprise Lake
Possible Use Commercial
Building Features Disabled Access
Special Listing Conditions None
Status Active
Directions GPS Compliant. Please map address 1102 28th Avenue Ct Milton WA 98354.
City Milton
Buyer Agent Compensation 2.5
Senior Community Y/N N
Total Units 1
MLS Area 71 - Milton
Lot Size Square Feet 11613
Carport Y/N N
Street Name 28th
Listing Terms Cash Out Conventional
Tax Annual Amount 802
Public Remarks Exceptional high visibility investment property in rapidly developing Milton location. Striking new construction drive through coffee stand offers fabulous curb appeal & long-term lease to popular Gr
Structure Type Retail
Building Area Units Square Feet
Standard Status Active
Total Actual Rent 8500
Zoning Class Commercial
Property Style 75 - Retail
Cap Rate 6
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Interior
Flooring Concrete
Total Fireplaces 0
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Street Suffix Avenue Ct
Bedrooms Possible 0
Living Area Units Square Feet
Power Production Type Electric Natural Gas
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Exterior
Water Source Public
Total Parking 6
Foundation Details Poured Concrete
Building Area Total 0
Lot Dimensions See Map
Lot Size Acres 0.2666
Lot Size Units Square Feet
Covered Spaces 0
Open Parking Y/N N
Irrigation Water Rights Y/N N
Site Frontage 125
Parking Uncovered Total 6
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Internal Only
OriginalMLSID NWM2192087
Street Number 1 1102
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* Excluded Features
List By
Nicholas Loveless

Listing Agent

Windermere R.E. Northeast, Inc

Broker

Affordability Calculator

$11,698
Per Month
99%
1%
0%
Monthly Principal & Interest
$11,631
Monthly Property Taxes
$67
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
258624 Elementary School
258775 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/18/2024$1,750,000 Listed Price

Map


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1102 28th Avenue Ct, Milton, WA, 98354 is a Commercial Property for sale at $1,750,000 with a lot size of 0.2666. 1102 28th Avenue Ct is a studio with 0.0 baths and was built in 2023. The property's zip code is 98354 which is in Milton, WA