2801 S Hanford St - Freestanding FOR SALE


Seattle, WA 98144- Columbia City
$1,295,000 USD
425-478-7546
2801 S Hanford St, Seattle, WA for Sale
$1,295,000 USD
Freestanding - FOR SALE
1/2
null | 4.11% Cap Rate

2801 S Hanford St
Seattle, WA 98144
Columbia City


HIGHLIGHTS

  • Street-level retail with basement plus upper-level residential unit creating diversified income
  • Retail tenant currently on month-to-month agreement, providing opportunity for an owner to occupy or reposition the space
  • Upper unit leased through July 2026, offering consistent in-place revenue

OVERVIEW

Owner/User or Investment Opportunity in a high-growth Seattle location near Light Rail, positioned between MLK Jr. Way S and Rainier Ave S. Mixed-use buildings with flexible tenancy in this transit-oriented corridor rarely come to market. The property includes a street-level retail space with basement currently occupied by a bakery/coffee shop on a month-to-month agreement, creating flexibility for an owner-user or future lease repositioning. The upper-level residential unit is leased through July 2026, providing stable income. The layout supports a variety of uses including professional office, boutique retail, café concepts, or small business headquarters, and the space has previously operated as office. Existing income provides a solid foundation with upside through rent adjustments, expense recovery, and lease restructuring. Additional income potential may exist through future laundry revenue and possible parking income. Strong neighborhood growth driven by Light Rail expansion and ongoing redevelopment supports long-term value.

FOR SALE DETAILS

PRICE

$1,295,000 USD

PRICE/SF

$341 USD /SF

CAP RATE

4.11%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Seattle Mixed-Use Owner/User or Investment

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1906

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,600 SF

ZONING

SM-NR-95(M)

APN/PARCEL ID

128230-0445

ASK ABOUT THIS PROPERTY

Heidi IhdeColdwell Banker Commercial DanforthMore Info
425-478-7546

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Heidi IhdeColdwell Banker Commercial DanforthMore Info
425-478-7546

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