4517 University Way NE - Storefront Retail/Office FOR SALE


Seattle, WA 98105- University District
$4,100,000 USD
425-598-0860
4517 University Way NE, Seattle, WA for Sale
$4,100,000 USD
Storefront Retail/Office - FOR SALE
1/12
null | 4.51% Cap Rate

NEW


4517 University Way NE
Seattle, WA 98105
University District


HIGHLIGHTS

  • Kalberg Building is a prime street retail and office space in the heart of the University District and among Washington’s most prestigious employers.
  • Walking distance to the University of Washington, Potbelly Sandwich Shop, Urban Outfitters, Neptune Theatre, Hotel Deca, University Bookstore, & more.
  • 6,184 square feet of office space is available with a 60-day notice to the current tenant, perfect for an owner/user to occupy.
  • Prominently positioned next to the University of Washington, making for easy transportation links like the U-District Station and Interstate 5.
  • An alternate strategy considered: renovate the top floor into apartments. Plans, structural designs, and city meeting notes are available for review.

OVERVIEW

The Kalberg Building is a classic 1920s masonry mixed-use investment opportunity located in the vibrant University District (U-District), near the University of Washington. The property features ground-floor retail with offices above. The second-floor office space could be considered for an owner/user wanting as much as 6,184 square feet. The second-floor space is demised well and currently has minimal income in place while waiting for new tenants. This superb building is home to a nice mix, with the first floor fully leased to service, restaurant, and retailer tenants, with second-floor office space available for new office tenants or an Owner User. In addition, the property has basement storage, while the elevator serves all three floors. Positioned between NE 45th Street and NE 47th Street in the U-District, the Kalberg Building is highly visible to the surrounding community. Within walking distance of shopping, dining, and entertainment amenities, this property is surrounded by the best this location has to offer. Adjacent to the University of Washington, where over 31,367 students study, business owners have access to a strong talent pool of educated individuals eager to put their knowledge into practice. For even broader reach, this exceptional office building is near Interstate 5, with easy commutes to Downtown Seattle in less than 15 minutes. Don’t miss the chance to own the most ideal spot within the U-District at the Kalberg Building.

FOR SALE DETAILS

PRICE

$4,100,000 USD

PRICE/SF

$209 USD /SF

CAP RATE

4.51%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Kalberg Building

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1928

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

NC365, Seattle

APN/PARCEL ID

881640-1120

ASK ABOUT THIS PROPERTY

Troy GesselLee & Associates Commercial Real Estate ServicesMore Info
425-598-0860

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Troy GesselLee & Associates Commercial Real Estate ServicesMore Info
425-598-0860

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