John Rea Realty’s Post

As the housing market thrives, so does the commercial real estate sector in our vibrant city. If you're considering an investment opportunity, let me introduce you to a fantastic property that's just hit the market. FOR SALE - Pinehurst Retail Building 11552 15th Ave NE, Seattle, WA 98125 Investment Price: $2,975,000 Located in the bustling Northgate area, this development opportunity on busy 15th Ave NE is perfect for entrepreneurs or investor/developers. The property features a 5,656 sq ft freestanding retail building on a 16,259 sq ft lot, currently occupied by two tenants, including a long-standing food truck tenant with over 10 years of successful operation. The building boasts a half-barrel roof style, offering a wide open floor plan, and a 900 sq ft second floor with additional restrooms. The property is zoned NC2-55 (M) and offers flat terrain, ideal for mid-rise production. This location is prime for future development, sitting in a vital part of NE Seattle where malls, theaters, sports arenas, and coffee shops thrive. Collect rents during the entitlement stage and be part of the ever-growing Northgate community. Property Highlights: Retail: Freestanding Size: 5,656 SF, 0.37 Acres Percent Occupied: 100% Occupancy Type: Single Inside Tenant & (1) Outside Food Truck Number of Buildings/Floors: 1, with a 900 sq ft Upper Floor Year Built: 1945 This investment is perfect for entrepreneurs and developers. Schedule a tour or simply a time to discuss today. Take a virtual tour here: https://lnkd.in/e3CWcEmQ Contact: Victor J. Hernandez, CIPE, CPD, CNE Phone: (206) 245-0159 Email: [email protected] Stay tuned for more updates, insights, and tips to navigate the bustling Seattle real estate market. Until then, keep those dreams alive and let Rocket Homes help you soar to new heights! Victor, out! 🏡✌️ #SeattleRealEstate #InvestmentOpportunity #NorthgateSeattle #CommercialProperty #RealEstateInvesting #DevelopmentOpportunity

So much is happening in Easton Park! There are now commercial spots with lease contracts in place to include an HEB, McDonalds, Carwash, Petfood Store, Auto Zone, Frost Bank, Dutch Bro’s Coffee and a Dentist office. More buzz is that there will also be a nail salon, plus, two more quick service restaurants AND this is just the beginning of the growth!!! (The Grove at Easton Park- link below) What does that mean for you and your buyer? Equity. Just that! As these businesses go in, the popularity of Easton Park is just going to grow that much more, and prices WILL increase. One of the most used lines I hear is “I should have bought last year when the price was $$ and now it’s $$$, I should not have waited!” So why let them wait?   Right now, is the time to contract on a Perry Home and take advantage of the prices and incentives we are offering before they are truly gone. I know I sound like a “Sales Agent”, but I have just been doing this too long to not see the trend of what is to come.  If your client is on the fence about purchasing their next home here, contact me, let chat it though. Let’s iron out some options that could work for them. One of the biggest things I tell my kids is if don’t ask and don’t try, you will never know 😉

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FOR SALE: Prime Investment Opportunity in Downtown #Ladner | $2,995,000⁠ ⁠ Discover a versatile property in the heart of Ladner, an area poised for significant growth with new developments on the horizon. This modern, low-maintenance 2018 building offers a total area of 4,713 sq. ft., including 1,370 sq. ft. of retail space and two luxurious 1,650 sq. ft. 2-bedroom suites. Each suite has three washrooms, making it ideal for professional offices such as estheticians, doctors, lawyers, and accountants.⁠ ⁠ This #FullyLeased property ensures a reliable income stream with an estimated 4.5%+ cap rate. Investors will appreciate the potential for #redevelopment, possibly expanding the building up to 5 storeys. The property also includes free front parking, adding to its convenience and appeal.⁠ ⁠ Ladner is a vibrant, well-populated area with a strong sense of community, making it an attractive location for businesses and residents alike. The property's prime location and versatile use options make it a rare opportunity in this sought-after area.⁠ ⁠ Appraised at almost $2.8M, this property is perfect for #entrepreneurs and #investors looking to capitalize on Ladner's growth. Act fast to secure this exceptional investment. ⁠ ⁠ Click the link in the bio to view the listing or click here: https://lnkd.in/gGX_yH7s⁠ ⁠ For exclusive commercial listings, services, market reports and more, connect with Sunny Oberoi:⁣ ⁠ https://lnkd.in/gWjmAX8F⁠ #RLPCommercial #CommercialDelta #OfficeSpace #Retail #MixedCommercial #CommercialRealEstate #DeltaBC #cre #buyingabusiness #C1Zoning #ForSale

The current cap rate stands at 3.78%, making this property an excellent opportunity for both investors and owner-occupiers. Consider living in one unit while leasing out the remaining two – a smart strategy for generating income while enjoying your own space.

 Introducing 14516 Stenum Street in Biloxi, MS - a prime commercial lot boasting strategic location with a business park feel. Positioned just off I-10 (Exit 50), this property offers approximately 300 feet of frontage along I-10 and faces Stenum Street with 300' making it a visible and accessible site with a coveted Commercial designation of C-3 Highway Commercial, the lot experiences a daily traffic count of 63,000 vehicles along I-10, enhancing its visibility. The property's appeal extends beyond its location, with its close proximity to major franchises, shopping, dining, and hotels, creating a vibrant business environment. The improved, fenced lot comes with a small portable building, providing immediate utility. Currently leased, this property serves as an attractive investment opportunity for those seeking income-producing assets. It's important to note that the billboard on the property does not convey, and there is a small easement. Don't miss out on this lucrative investment - In summary, 14516 Stenum Street is more than just a commercial lot; it's a strategic investment with a prime location, high visibility, and income-generating potential. This well-positioned property caters to businesses seeking a thriving environment and is surrounded by established enterprises, making it a compelling opportunity for savvy investors. call today to make 14516 Stenum Street your own. Sharron Elmore - Broker Associate Southeast Commercial Real Estate - Ocean Springs Office 6911 Washington Ave Suite A Ocean Springs, MS 39564 O. 228-276-2700 C. 228-217-0791 www.southeastcre.com #opportunity #commercialproperty #realestate #biloxi #southeastcre #landforsale

The Charleston Apartment Association Trade Show is TOMORROW 🙌 This is a great opportunity to network and find new vendors to help your properties thrive! Oh, did I mention there will be square dancing? 🤠 Make sure to stop by Booth #15 for new ideas to take your digital marketing strategy to the next level! Charleston Market Conditions Highlights: 🔵 Average occupancy for stabilized and lease-up properties is sitting at 88.4%, which is a decrease of 1.0% from just one year ago 📉 🔵 Over 15% of properties in this market are offering concessions and the average concession package has increased 37.5% YoY 📈 🔵 Charleston is #46 in the nation for new construction with over 20,000+ new units in the pipeline. Regarding new builds, the top submarkets include Mt Pleasant, North Charleston, Summerville, Downtown, and West Ashley🏗 #multifamily #marketconditions #charlestonsc #digitalmarketing #apartmentmarketing #proptech

JUST LISTED! NorthPeak Commercial Real Estate is pleased to present for sale 4251 E 104th Avenue, a single tenant, net leased retail building in Thornton, Colorado. The building was originally constructed as a Starbucks anchored strip center with four units and a drive-thru, but today is 100% occupied by a gym on an expiring lease. The expiring lease affords a new owner several options, including executing a new 10-year agreement or demising the property back into its original configuration and capturing higher rents. VIEW PROPERTY: https://lnkd.in/g4HuAnCa PROPERTY HIGHLIGHTS 🏠 Address: 4251 E 104th Ave., Thornton, CO 80233 💰 List Price: $1,850,000 📐 Property Size: 6,600 SF 🏢 Total Units: 4 🏠 Property Type: Retail #realestate #denverrealestate #denver #retail #northpeak #northpeakcre #property #listing #thornton

A couple of thoughts late in the day on Friday on Austin retail real estate: 1) Nicole Wimberly and I had a couple of deals die at lease execution this week at one of our landlord listings. We have both talked to other brokers in Austin who report similar events with their clients. Deals are dying for what seems like various reasons but construction pricing definitely is playing a large role. Single unit operators and first time franchisees in particular are struggling with their build out costs. 2) Tenants are laser focused on second gen spaces. Competition continues to be really strong for well located second gen space and second gen spaces that have good basic buildouts (whiteboxes, etc.). I am seeing that second gen spaces that have some age in the buildout or awkward layouts do tend to be more difficult to backfill -- this is all related to construction costs. 3) Bearing 1 and 2 in mind, our advice to landlords with first gen or more "difficult" spaces is to work the deals on offer hard and be diligent about making them and even consider being willing to do some landlord work, which is not typical for our market. Although the Austin market is still strong, my sense of our market is that the depth of the tenants is not what it was 2-3 years ago and landlords should be prepared to more aggressive in cutting deals. Have a great weekend!

Featured Listing 🏢 3315 Williams Boulevard SW #4, Cedar Rapids $9.95/sq ft Great retail location facing Williams Blvd. Traffic count exceeds 12,500 cars per day. UPS Store, Edward Jones, Happy Joe's Pizza, Taco Bell, Dupaco Credit Union and SS Administration are neighbors. Landlord would participate with build-out. Unit 5 next door could be added to this space to create 3,012 SF. Tenants may set operating hours. Listing agents are partial owners. Up to 3 months free base rent offered for a five-year lease with qualified tenant. Plentiful off-street parking. 2024 CAM is $6.54/SF. Rate is first-year incentive. Second year would be $11.50; third year to be $12.50; fourth and fifth year to be $13.50/SF NNN. Zoning was C-3A in former zoning code. Listed by Doug Laird and Scott Olson https://lnkd.in/gU267G7w #SkogmanCommercial #CommercialRealEstate