Seattle · Commercial sale
Queso MCL buys 12848 Martin Luther King Jr Way S in King County for $4.25 million
A convenience store at 12848 Martin Luther King Jr Way S, King County sold for $4,250,000 on September 10, 2026. See the seller and buyer net sheets for.
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- Sale price
- $4,250,000
- Sold
- September 10, 2026
- Property type
- Convenience store
- Lot size
- 20,692 sq ft
The convenience store at 12848 Martin Luther King Jr Way S sold for $4,250,000. That is 6.1 times its recorded market value of $700,100, according to the King County Department of Assessments' sales records.
The sale closed on September 10, 2026. The records list GCS Multi LLC as the seller and Queso MCL LLC as the buyer.
Assessor's records show the property sits on a 20,692-square-foot lot.
This summary was written by AI from public sales records and checked by automated rules. The figures come from the record and the NetSheet.org rules engine. How we make these.
What were the closing costs in King County?
By our estimate, the seller's two largest charges, not counting prorations, were $96,575 for the state real estate excise tax (graduated) and $21,250 for the local real estate excise tax (0.50%). Who pays what follows King County custom.
How much did the seller net?
By our estimate, the seller netted about $4,114,465. That is before any broker commissions and any loan payoff.
How much cash did the buyer bring to closing?
A cash buyer would need about $4,243,459 at closing. That covers the full price and closing costs.
Source: King County Department of Assessments, real property sales, document 3395946. Property details: King County Assessor. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.
