2840 Madison St E - Freestanding FOR SALE


Seattle, WA 98112- Stevens
$2,100,000 USD
206-612-7877
2840 Madison St E, Seattle, WA for Sale
$2,100,000 USD
Freestanding - FOR SALE
1/7
null | Request Cap Rate

2840 Madison St E
Seattle, WA 98112
Stevens


HIGHLIGHTS

  • Prime corner site with excellent visibility on East Madison Street
  • Two-level standalone structure with vaulted ceilings and natural light
  • Flexible layout suitable for retail, office, or studio use
  • Zoned for mixed-use redevelopment up to 55 feet

OVERVIEW

Located in the heart of Seattle’s vibrant Madison Valley, 2840 E Madison Street presents a rare opportunity to acquire or lease a high-visibility corner property ideal for owner-users, investors, or developers. This two-level standalone commercial structure offers 1,940 square feet of flexible space, with a vaulted-ceiling main floor bathed in natural light and a lower level that sits on-grade—perfect for storage, studio, or additional workspace. The site’s NC2P-55(M) zoning supports a wide range of retail, office, and residential uses, with mixed-use redevelopment potential up to 55 feet in height. Positioned directly across from the beloved Cafe Flora and surrounded by a thriving mix of boutique retailers, restaurants, and residential charm, the property benefits from strong foot traffic and a highly desirable neighborhood ambiance. Built in 1928 with a wood-frame exterior, the building sits on a 5,507 SF level lot and is currently used as a single-family residence adapted for retail. The surrounding area boasts a median household income of $151,033 within a one-mile radius and a population of nearly 500,000 within five miles, making it an attractive location for both local-serving and destination businesses. With proximity to Capitol Hill, the University of Washington Arboretum, and Downtown Seattle, this site offers unmatched connectivity and lifestyle appeal. Whether you're seeking a boutique storefront, creative office, or a redevelopment canvas, 2840 E Madison Street delivers on location, flexibility, and long-term value.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$1,082 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,587 SF

ZONING

NC2P-55(M)

APN/PARCEL ID

501600-1830

ASK ABOUT THIS PROPERTY

Peter ArgeresEwing & Clark, Inc.More Info
206-612-7877

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Peter ArgeresEwing & Clark, Inc.More Info
206-612-7877

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