4800 40th Ave SW - Retail FOR SALE


Seattle, WA 98116- Fairmount Park
$5,000,000 USD
425-444-6501
4800 40th Ave SW, Seattle, WA for Sale
$5,000,000 USD
Retail - FOR SALE
1/6
null | Request Cap Rate

NEW


4800 40th Ave SW
Seattle, WA 98116
Fairmount Park


HIGHLIGHTS

  • Excellent West Seattle Junction location on a high-visibility, corner-lot parcel
  • 95 walk score - Adjacent to Whole Foods anchored shopping center and near an abundance of shopping, grocery, coffee shops, restaurants, and bars
  • 5,504-SF building for sale or lease, previously operated as a successful day care and retail marijuana store
  • Parking for 20 cars and potential to short plat and develop part of the lot as townhomes
  • Current development opportunity with MUP ready for pickup featuring 86 studio, one, and two-bed units
  • Blocks from the RapidRide stop, providing constant service directly to Downtown and South Lake Union

OVERVIEW

Well positioned in Seattle’s desirable West Seattle Junction neighborhood, 4800 40th Ave SW offers a Walker’s Paradise walk score of 95. The property is adjacent to a shopping center anchored by a Whole Foods grocery store, and is near a wide array of shopping, grocery, and food and drink options. Additionally, the property is positioned just blocks from a RapidRide C Line stop, which provides regular and reliable service directly to the Downtown Seattle and South Lake Union neighborhoods. It is also within walking distance of the future Alaska Junction light rail stop, targeted for completion in 2032. 4800 40th Ave SW is a high visibility, corner-lot parcel. The 5,504-SF building has previously operated as a successful daycare and as a retail marijuana store. The parcel offers parking for approximately 20 vehicles and ample outdoor space for a children’s play area or outdoor dining. Additionally, the 19,556-SF lot with NC3-55 (M) zoning offers a new owner multiple options for redevelopment. There exists the opportunity to short plat and develop a portion of the lot as townhomes, while keeping the existing building intact. Alternatively, if the new owner prefers to redevelop the entire parcel, there is a MUP ready featuring 86 studio, one, and two-bedroom units.

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$908 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,560 SF

ZONING

-

APN/PARCEL ID

612660-1010

ASK ABOUT THIS PROPERTY

Dan SwansonKidder MathewsMore Info
425-444-6501

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Dan SwansonKidder MathewsMore Info
425-444-6501

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