Bank of America
6,988 SF | 100% Leased | Retail Building | Mercer Island, WA 98040 | For Sale
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
- Property Type
-
Retail
- Square Feet
- 6,988 SF
Listing Contacts
Robert Wallace
Verified Profile
John Zunick
Verified Profile
- Property Info
Property Overview
Wallace Properties as the exclusive representative of the Seller
is pleased to offer for sale an extremely rare and unique property
in the highly desirable downtown core of Mercer Island. This is the
first time in 50 years that the subject property has been available
to purchase. Bank of America (and its predecessor Sea-First Bank)
has been a Ground Lease Tenant for 43 years. The lease provides
the landlord with extremely favorable rental adjustment terms. The
property provides reliable income from the second largest bank in the
United States and the 32,992 square foot site zoned Town Center (TC3) provides the opportunity for a future multi-level re-development.
is pleased to offer for sale an extremely rare and unique property
in the highly desirable downtown core of Mercer Island. This is the
first time in 50 years that the subject property has been available
to purchase. Bank of America (and its predecessor Sea-First Bank)
has been a Ground Lease Tenant for 43 years. The lease provides
the landlord with extremely favorable rental adjustment terms. The
property provides reliable income from the second largest bank in the
United States and the 32,992 square foot site zoned Town Center (TC3) provides the opportunity for a future multi-level re-development.
Property Details
- Class
- B
- Year Built
- 1982
- Stories
- 1
- Property Subtype
- Bank
- Lot Size (sq. ft)
- 33,106 SF
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