2221 NW 56th St - Storefront FOR SALE


Seattle, WA 98107
$5,850,000 USD
206-283-5212
2221 NW 56th St, Seattle, WA for Sale
$5,850,000 USD
Storefront - FOR SALE
1/10
null | Request Cap Rate

2221 NW 56th St
Seattle, WA 98107


HIGHLIGHTS

  • Ballard Market Street Add-Value for Sale

OVERVIEW

Ballard Market Street Add-Value for Sale Pivot from redevelopment or consider this great value-add mixed-use Ballard building as a 1031 option. The Kress Building presents a chance to acquire a high-quality asset on Market Street, featuring a combination of retail, office, and creative spaces. all ideally suited for this particular submarket. The seller's ongoing improvements has exceeded $600k in the past year, encompassing the establishment of new retail space on Market Street, seven micro loft office suites, plumbing and electrical enhancements, as well as the addition of new entrances on both northwest Market Street and northwest 56th Street. This property grants investors the ability to self-manage while enjoying a stable income, with further potential for value appreciation through leasing the remaining vacancies and enhancing the aesthetic appeal of shared areas.

FOR SALE DETAILS

PRICE

$5,850,000 USD

PRICE/SF

$378 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Kress Bldg

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1927

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

NC3p-65

APN/PARCEL ID

276770-1030

ASK ABOUT THIS PROPERTY

Blake TaylorWest Coast Commercial RealtyMore Info
206-283-5212

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Blake TaylorWest Coast Commercial RealtyMore Info
206-283-5212

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