8337 15th Ave NW - Storefront Retail/Residential FOR SALE


Seattle, WA 98117
$1,775,000 USD
206-707-3685
8337 15th Ave NW, Seattle, WA for Sale
$1,775,000 USD
Storefront Retail/Residential - FOR SALE
1/13
null | 4.33% Cap Rate

8337 15th Ave NW
Seattle, WA 98117


HIGHLIGHTS

  • Direct Access to Safeway, Met Market, and other major retailers
  • Daily Traffic Counts Exceeding 25,000+
  • Low maintenance asset
  • Crown Hill Average Household Income $128,000+
  • Cash Flow Positive Day 1
  • Current Tenancy through 2026 with extension opportunities

OVERVIEW

8,165 SF commercial lot zoned NC3P-75 (M1) is currently built out with a dog groomer, photography studio, and a single-family residence. This offering is a fully leased opportunity to collect cash flow or hold as a covered land play. Built in 1937, the building houses 3 retail suites that have seen consistent tenancy for years (currently leased through 2026). Both commercial users on short term deals to allow for immediate redevelopment potential. The current configuration includes a rear parking lot with a single-family residence, adding additional rental income to the property. Positive cash flow day one, allows a developer flexibility to work on the project without bleeding capital on a property that sits vacant.

FOR SALE DETAILS

PRICE

$1,775,000 USD

PRICE/SF

$328 USD /SF

CAP RATE

4.33%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

NC3P-75 (M-1)

APN/PARCEL ID

758870-0285

ASK ABOUT THIS PROPERTY

Mitch BattisonParagon Real Estate AdvisorsMore Info
206-707-3685

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Mitch BattisonParagon Real Estate AdvisorsMore Info
206-707-3685

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