407 W Galer St - Freestanding FOR SALE


Seattle, WA 98109- Uptown
$1,325,000 USD
206-999-9161
407 W Galer St, Seattle, WA for Sale
$1,325,000 USD
Freestanding - FOR SALE
1/21
null | 5.16% Cap Rate

Dec '28


407 W Galer St
Seattle, WA 98109
Uptown


HIGHLIGHTS

  • Freestanding 2,086 SF retail building leased to a single tenant on a NNN lease
  • Studs-out remodel in 2007 with modernized interior and updated electrical, plumbing, HVAC & ADA ramp
  • Coveted location just steps from cafes, shops, restaurants, services, parks & transit
  • Built out as a salon & spa with the 1st floor featuring an open floor and the 2nd floor featuring 5 private spa rooms & waiting area
  • Both floors have tons of storage, kitchenette/breakrooms, W/D & private restrooms
  • Incredible opportunity to purchase a freestanding commercial building with flexible zoning allowing retail, office, multi-family, medical/dental, etc.

OVERVIEW

Rare opportunity to purchase a freestanding commercial retail building in a coveted top of Queen Anne location. Studs out remodel in 2007 including all new electrical, plumbing, HVAC & ADA ramp. The 2,086 SF building is currently configured as a Salon & Spa but the open floor plan makes it ideal for many different uses. The first floor is flooded by natural light from the floor-to-ceiling windows fronting West Galer St. and features a large reception/waiting area, 4 salon stations, hair washing space, kitchenette, W/D, storage & restroom. The 2nd floor has a quaint waiting nook, 5 private spa rooms, kitchenette, shower, W/D & restroom. Flexible NC2P-55 zoning allows for a variety of uses including retail, office, residential, etc. Leased to a single tenant on a NNN lease until 12/15/28. No option to extend the lease, but long-term tenant indicates they'd like to stay. Available for an owner-user to occupy upon lease termination, or continue collecting rent and the realizing the benefits of owning a hands-off investment property in an unbeatable location. Please don't disturb tenant.

FOR SALE DETAILS

PRICE

$1,325,000 USD

PRICE/SF

$711 USD /SF

CAP RATE

5.16%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

407 W Galer St - Retail Building

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1914

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,800 SF

ZONING

NC2P-55 (M1)

APN/PARCEL ID

173280-1420

ASK ABOUT THIS PROPERTY

Lauren HendricksWindermere CommercialMore Info
206-999-9161

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Lauren HendricksWindermere CommercialMore Info
206-999-9161

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