101 NE 50th St - Convenience Store FOR SALE


Seattle, WA 98105- Wallingford
$5,000,000 USD
425-455-3131
101 NE 50th St, Seattle, WA for Sale
$5,000,000 USD
Convenience Store - FOR SALE
1/9
null | Request Cap Rate

Jun '30


101 NE 50th St
Seattle, WA 98105
Wallingford


HIGHLIGHTS

  • RARE URBAN INFILL CORNER: Generational corner commercial asset offered for the first time in 30 years.
  • EXCEPTIONAL PROPERTY FUNDAMENTALS The property occupies a prominent corner location with outstanding visibility, access and neighborhood.
  • MULTIPLE “VALUE-ADD” OPPORTUNITIES The existing 7-Eleven and Salon leases expire in 2030, defining a future repositioning opportunity timeline.
  • EXCELLENT DEMOGRAPHICS The three-mile trade area includes a dense surroundings with approximately 304,000 residents across 143,000 households.
  • UNIVERSITY DISTRICT GROWTH The University District is emerging as a premier growth residential and mixed-use investment market anchored by the U of W.

OVERVIEW

Prime Legacy Asset Opportunity: Linc Properties is pleased to present the rare opportunity to acquire a legacy corner asset located prominently at the nexus of two of Seattle’s most desirable neighborhoods. 50th Street Plaza, offered for sale for the first time in 30 years, has operated as a successful retail and gas station since 1965. 7/11 constructed the current improvements in 1987 and has demonstrated the enduring strength of this location for nearly four decades. The existing 7-Eleven and Salon leases expire in June of 2030, providing stable near-term income while offering investors a defined value-creation horizon through potential lease renewal, re-tenanting, owner-user occupancy, or future redevelopment. The property is zoned NC-140 (M), allowing significant long-term multifamily/mixed-use redevelopment potential aligning with Seattle’s continued urban density and transit-oriented growth initiatives. Located minutes from the University of Washington and within one of Seattle’s most supply-constrained infill submarkets, the property benefits from sustained residential density growth, ongoing mixed-use development, and strong neighborhood commercial demand supported by recent City zoning densification driving area residential, employment, and student population growth. This offering represents a generational corner asset within a dense, high-barrier-to-entry Seattle neighborhood, positioned to benefit from increasing land scarcity and long-term value appreciation as commercial, service and redevelopment opportunities in core urban locations continue to diminish.

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$1,232 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

50th St. Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Freestanding, Service Station, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,324 SF

ZONING

NC1-40 (M)

APN/PARCEL ID

881840-0720

ASK ABOUT THIS PROPERTY

Brian LeibsohnLinc PropertiesMore Info
425-455-3131

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Brian LeibsohnLinc PropertiesMore Info
425-455-3131

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.