8323-8327 15th Ave - Retail FOR SALE


Seattle, WA 98117- Loyal Heights
$2,750,000 USD
206-707-3685
8323-8327 15th Ave, Seattle, WA for Sale
$2,750,000 USD
Retail - FOR SALE
1/11
null | 3.18% Cap Rate

8323-8327 15th Ave
Seattle, WA 98117
Loyal Heights


HIGHLIGHTS

  • Two contiguous parcels totaling ± 16,330 SF of land
  • Mixed-use asset: single-family residence + 4-suite commercial building
  • Multiple income streams with diversified tenancy
  • Seller Financing available
  • Strong visibility and consistent traffic counts
  • Flexibility for investors, developers, or owner/users

OVERVIEW

The offering consists of two contiguous parcels totaling approximately 16,330 square feet of land, improved with a single-family residence and a commercial building comprised of four retail suites. This unique configuration provides a blend of in-place income with long-term redevelopment potential, making it well-suited for investors, developers, or owner/users seeking scale in a supply-constrained urban neighborhood. The commercial building features four individual suites, offering diversified tenancy and flexibility for a range of retail or service-oriented users. The adjacent residential structure provides additional income or potential for owner occupancy, further enhancing the asset’s versatility. With frontage along 15th Ave NW, the property benefits from strong visibility and consistent vehicular traffic through one of Northwest Seattle’s primary arterial corridors. Positioned on a sizable 16,330 SF footprint, the site presents compelling future redevelopment potential, subject to zoning, in an area experiencing continued residential and commercial growth. The surrounding Crown Hill and Ballard neighborhoods are known for their strong demographics, walkability, and ongoing demand for housing and neighborhood-serving retail. Whether pursuing a hold strategy with stable income or planning for future redevelopment, 8323 & 8327 15th Ave NW represents a highly flexible opportunity in one of Seattle’s most active and evolving submarkets.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$624 USD /SF

CAP RATE

3.18%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Crown Hill Retail Assemblage

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1924

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,553 SF

ZONING

NC3P-75 (M1)

APN/PARCEL ID

758870-0214,758870-0240

ASK ABOUT THIS PROPERTY

Mitch BattisonParagon Real Estate AdvisorsMore Info
206-707-3685

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

Mitch BattisonParagon Real Estate AdvisorsMore Info
206-707-3685

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