5239 Ballard Ave - Storefront FOR SALE


Seattle, WA 98107- Ballard
$1,700,000 USD
206-351-3573
5239 Ballard Ave, Seattle, WA for Sale
$1,700,000 USD
Storefront - FOR SALE
1/10
null | 6.03% Cap Rate

5239 Ballard Ave
Seattle, WA 98107
Ballard


HIGHLIGHTS

  • Substantial recent renovations
  • Leased by NNN tenant

OVERVIEW

Positioned in one of Seattle’s most desirable neighborhoods, CUMBRE BUILDING is a wood framed brick, free-standing, character-rich property sitting on the prime corner of Ballard Avenue NW and NW Vernon Place, offering investors a rare opportunity to own a prize investment property located within the Ballard Hub Urban District and Ballard Avenue Landmark District. Situated on a prominent corner and surrounded by thriving restaurants, boutiques, breweries, and creative offices, this location benefits from strong foot traffic, excellent visibility, and long-term growth potential. Boasting a “Walker’s Paradise” Walk Score of 94, the property offers close proximity to Swedish Hospital - Ballard campus, and iconic sites like Ballard Locks and Golden Gardens Park. Ballard continues to attract a dynamic mix of professionals, locals, and tourists year-round. 5239 Ballard Ave is a 1,722 SF fully leased, well-maintained restaurant property in exceptional condition. Thoughtfully updated and meticulously cared for, this building reflects true pride of ownership - with no deferred maintenance and systems in excellent working order. The single tenant NNN leased property is currently occupied by Lupe’s Situ Tacos, with a long-term lease in place. The classic brick building features prime Ballard Avenue corner frontage, high exposed wood ceilings, exposed brick walls, Type 1 hood, full bar, HVAC, and outdoor street patio. The Building underwent “substantial-alterations” with seismic, energy code, and ADA upgrades completed in 2011.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$987 USD /SF

CAP RATE

6.03%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,000 SF

ZONING

NC265

APN/PARCEL ID

276770-2551

ASK ABOUT THIS PROPERTY

Laura MillerGibraltar Investment Property SolutionsMore Info
206-351-3573

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Laura MillerGibraltar Investment Property SolutionsMore Info
206-351-3573

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