4339 University Way NE - Retail FOR SALE


Seattle, WA 98105- University District
$4,500,000 USD
206-747-4338
4339 University Way NE, Seattle, WA for Sale
$4,500,000 USD
Retail - FOR SALE
1/6
null | 5.41% Cap Rate

4339 University Way NE
Seattle, WA 98105
University District


HIGHLIGHTS

  • Located on "The Ave", the U-District's prime retail and pedestrian corridor
  • Adjacent to the University of Washington campus, driving strong foot traffic
  • Surrounding national credit tenants include Starbucks, Chipotle, and H-Mart
  • Vertical development upside - NC3P-65 zoning

OVERVIEW

Kidder Mathews is pleased to present the opportunity to acquire 4339 University Way NE, a 100% leased, three-tenant retail asset located on “The Ave” in Seattle’s University District, one of the city’s most dynamic and high-traffic urban corridors. The offering is positioned in an irreplaceable core location serving dense residential neighborhoods and the University of Washington community. All tenants are on NNN leases providing a stable income stream with minimal landlord management. The site is zoned NC3P-65 which potentially allows for up to 6 stories of future development upside.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$1,125 USD /SF

CAP RATE

5.41%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

4,120 SF

ZONING

NC3P65

APN/PARCEL ID

114200-0135

ASK ABOUT THIS PROPERTY

David GellnerKidder MathewsMore Info
206-747-4338

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David GellnerKidder MathewsMore Info
206-747-4338

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