1500 NW Leary Way - Manufacturing FOR SALE


Seattle, WA 98107- Ballard
$2,850,000 USD
425-233-9522
1500 NW Leary Way, Seattle, WA for Sale
$2,850,000 USD
Manufacturing - FOR SALE
1/6
null | Request Cap Rate

1500 NW Leary Way
Seattle, WA 98107
Ballard


HIGHLIGHTS

  • Owner/User or Value-Add Opportunity
  • High Traffic Location (74,000+ VPD) with Abundant Parking
  • Highly Flexible Industrial Commercial IC-65 (M) Zoning
  • Strong Trade Area Surrounded by National and Regional Tenants
  • Market-Rate Lease-Up Upside
  • Future Ballard Link Light Rail Proximity

OVERVIEW

Brown Retail Group of Marcus & Millichap has been selected to exclusively market for sale the former Miller Paint in the Ballard submarket of Seattle, WA, an owner/user or value-add investor opportunity. The property features a 7,842 SF commercial building with an open layout on 0.32 acres, with retail and warehouse space, providing for numerous use options. The property features prominent frontage along 15th Ave NW, a primary north-south arterial carrying over 60,000 vehicles per day, providing exceptional visibility, signage exposure, and strong drive-by traffic, with NW Leary Way carrying in excess of 14,000 vehicles per day for enhanced accessibility. Additionally, the property provides abundant parking with 13 parking stalls. The property is located within a dynamic commercial corridor, surrounded by national and regional tenants including PCC, UW Medicine, Trader Joe's, LA Fitness, West Marine, Fred Meyer, Safeway, Old Stove Brewing, Brown Bear Car Wash, O'Reilly Auto Parts, Les Schwab, Starbucks, and Top Pot Doughnuts, driving consistent consumer traffic and reinforcing long-term tenant demand. The property features flexible IC-65 (M) zoning, permitting a broad range of industrial, commercial, retail, office, automotive, medical, and craft production uses, supporting strong re-tenanting flexibility and long-term optionality. Currently vacant, the property offers lease-up opportunity with market rents approximately $22/SF–$25/SF + NNN. Located with convenient access to major north-south roadways I-5 and Hwy 99, downtown Seattle, and maritime operations connected to Lake Union and the Puget Sound, the property supports easy logistics, efficient customer access/employee commutes, and broad regional draw. The area demographics are strong, with over 223,000 people within a 3-mile radius with average household incomes exceeding $153,000.

FOR SALE DETAILS

PRICE

$2,850,000 USD

PRICE/SF

$363 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Former Miller Paint - Seattle

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

ADD'L SUBTYPES

Freestanding, Restaurant, Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1964

UTILITIES

-

CLEAR CEILING HT

18 Ft

DOCKS

1

DRIVE INS

2

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.32

LAND SF

13,799

ZONING

IC-65 (M)

APN/PARCEL ID

276770-1995

ASK ABOUT THIS PROPERTY

Trevor LaneMarcus & MillichapMore Info
425-233-9522

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Trevor LaneMarcus & MillichapMore Info
425-233-9522

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