Nw Yachting Magazine | 7342 15th Ave NW
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Nw Yachting Magazine 7342 15th Ave NW
2,694 SF 100% Leased Office Building Seattle, WA 98117 $1,098,000 ($408/SF) 4.79% Cap Rate
Investment Highlights
- Investor property for redevelopment
- Central location
- Adjacent property (7346/ 7348 15th Ave NW, Seattle) also for sale. Consider both for 8,500 sq foot lot
Executive Summary
Investor's dream opportunity in Ballard! Zoned NC2-55 (M), this property offers many possibilities for future development. Adjacent property also for sale: 7346/7348 15th Ave NW (MLS 2244224). Consider both for redevelopment. Situated in a highly sought-after location and surrounded by thriving residential and commercial growth, the existing building serves as office space. Above is a 1-bedroom, 1-bath apartment (leased month-to-month), with a spacious storage area downstairs and 6 parking spots. Perfectly positioned for growth and long-term value, this property offers incredible potential in a vibrant, central neighborhood.
Data Room Click Here to Access
- Title and Insurance
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
2,694 SF
Building Class
C
Year Built
1914
Price
$1,098,000
Price Per SF
$408
Cap Rate
4.79%
NOI
$52,600
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
898 SF
Building FAR
0.62
Land Acres
0.10 AC
Zoning
NC2-55 (M), Seattle - Neighborhood Commercial 2. Mixed use with 55' max height. https://www.seattle.gov/documents/Departments/SDCI/Codes/CommercialZoningSummary.pdf
Parking
6 Spaces (2.23 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Northwest Yachting Magazine
- Information
- -
- -
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| Northwest Yachting Magazine | Information | - | - | - |
Walk Score ®
Very Walkable (86)
Bike Score ®
Very Bikeable (75)
-
Alashia Wartelle -
Windermere Real Estate
Learn More About Investing in Office Space
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Nw Yachting Magazine | 7342 15th Ave NW
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