14401 Greenwood Ave, Seattle, WA 98133
14,877 SF | 77% Leased | Retail Building | Seattle, WA 98133 | $3,088,000 ($208/SF) | 3.80% Cap Rate
For Sale
Active
- Date Added:
- September 16, 2024
- Days on Market:
- 2 days
Asking Price $3,088,000
- Property Type
-
Retail
- Square Feet
- 14,877 SF
- Price / Square Foot
- $208
Listing Contacts
James Tjoa
Verified Profile
- Property Info
Property Overview
Incredible opportunity to acquire a 14,291 SF mixed-use building with huge rental upside and exciting future development potential. Located in the vibrant Broadview neighborhood, adjacent to the Seattle Golf Club, Greenwood Plaza is home to a diverse blend of tenants including popular local restaurants, a brewery, storage and residential apartments.
All rents are under market, and multiple tenants are coming up for renewal. New ownership can take advantage of a number of opportunities, including occupying space for their own business – by reconfiguring the suites, up to 10,000sf of space could be available in the near term. New ownership could also work with current tenants and prospects to increase rental rates to market and secure a cap rate in the low 7% range.
Located on a 14,400 SF lot, the site is only 2 miles from the South Shoreline/148th St light rail station currently under construction, and only a few minutes’ drive from the thriving Shoreline Place retail center and the new community “358 Degrees” by Pulte Homes. Zoned NC2P-55(M), the site offers excellent flexibility for a variety of uses and numerous options for future development, including a max building size of up to 54,000 SF.
All rents are under market, and multiple tenants are coming up for renewal. New ownership can take advantage of a number of opportunities, including occupying space for their own business – by reconfiguring the suites, up to 10,000sf of space could be available in the near term. New ownership could also work with current tenants and prospects to increase rental rates to market and secure a cap rate in the low 7% range.
Located on a 14,400 SF lot, the site is only 2 miles from the South Shoreline/148th St light rail station currently under construction, and only a few minutes’ drive from the thriving Shoreline Place retail center and the new community “358 Degrees” by Pulte Homes. Zoned NC2P-55(M), the site offers excellent flexibility for a variety of uses and numerous options for future development, including a max building size of up to 54,000 SF.
Property Details
- Class
- C
- Year Built
- 1928
- Stories
- 2
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 14,375 SF
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