8560 Greenwood Ave N - Storefront FOR SALE


Seattle, WA 98103- Greenwood
$3,490,000 USD
206-226-2800
8560 Greenwood Ave N, Seattle, WA for Sale
$3,490,000 USD
Storefront - FOR SALE
1/8
null | 6.1% Cap Rate

8560 Greenwood Ave N
Seattle, WA 98103
Greenwood


OVERVIEW

Fully leased 7,986 SF of retail space located in the vibrant core of Greenwood. This high-performing asset is 100% occupied by two established and local tenants and a 6.1% cap rate. Nestled in a true “walker’s and biker’s paradise” with a 91 Walk Score, the property benefits from its dynamic, urban setting surrounded by an ideal mix of local and national businesses, including Trader Joes just steps away coming soon. There are about 900 multifamily units recently built or planned for developments in the area. The building itself offers has lots of system updates, 13ft high ceilings and 3 storefront doors for future flexible demising options. NC-75 zoning allows a wide variety of uses and future development potential up to 7 stories. With its prime location and vibrant surrounding community, this property represents a rare opportunity to own a turnkey retail asset in one of Seattle’s most desirable submarkets.

FOR SALE DETAILS

PRICE

$3,490,000 USD

PRICE/SF

$436 USD /SF

CAP RATE

6.1%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1937

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,996 SF

ZONING

NC265 P2

APN/PARCEL ID

643150-0394

ASK ABOUT THIS PROPERTY

James TjoaRE/MAX Metro Realty, Inc.More Info
206-226-2800

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James TjoaRE/MAX Metro Realty, Inc.More Info
206-226-2800

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