Listing Provided Courtesy Of:
Paragon Real Estate Advisors and NWMLS
Address
6301 24th Avenue NW Seattle, WA
Price
$ 1,695,000
Property Attributes
  • ID#1731019
  • TypeCommercial
  • CountyKING
  • CitySeattle
  • AreaBallard-Greenlak
  • NeighborhoodBallard
  • Zip98107
  • StyleComm Bldg Und 10K
  • Year Built1928
  • Taxes$ 14264
  • Price$ 1,695,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size5,001 SqFt
Listing Provided Courtesy Of:
Paragon Real Estate Advisors and NWMLS
Data Source:
NWMLS
Property Description

Well located retail building on the corner of 63rd and 24th in the heart of the quickly growing Ballard neighborhood. The property consists of well known retail tenants including Olafs bar, Rupee Bar, Primal Screenings, and Contrology Pilates Studio. Olafs bar recently expanded their footprint at the building in 2019. The property presents a current 5.2% cap rate with further upside on the below market rents. The property is situated on a 5,000 square foot corner lot zoned NC1-55 (M) presenting an owner with future redevelopment potential. The Ballard retail center offers an investor the opportunity to own a pride of ownership building in an A+ Ballard location

Price History
2/16/2021 Listed $1,695,000

General Features

Buildingareaunits Square Feet
Carport Y/N No
City Seattle
Co-Listing Agent Brian D. Platt
County King
Directions From I5S Take exit 173 for Northgate Way. Right on N Northgate Way. Straight on N 105th. Slight left on Holman Rd N. Straight on 15th Ave NW. Right on NW 85th St. Left on 24th Ave NW..
Exterior Features Brick
Insuranceexpense 3571
Listing Agent Name Michael Urquhart
MLS Area 705 - Ballard/Greenlak
Netoperatingincome 87607
Nwm Watersewergarbage 1103
Nwm Zoningclass Commercial
Possession Closing, Tenant's Rights
Possible Use Commercial
Property SubType Commercial Industrial
Property Type Commercial Sale
Roof Flat
Senior Community Y/N No
Sewer Sewer Connected
Special Listing Conditions None
Standard Status Active
Status Active
Street Name 24th
Structure Type Unspecified
Subdivision Name Ballard
Tax Annual Amount 14264
Tax Year 2020
Terms Conventional
Total Actual Rent 9609
Total Units 4
Utilities Sewer Connected
Year Built 1928

Interior Features

Electric On Property Y/N No
Fireplace Y/N No
Furnished Y/N Unfurnished
Livingareaunits Square Feet
Street Suffix Avenue

Exterior Features

Foundation Details Poured Concrete
Irrigation Water Rights Y/N No
Lot Size Acres 0.1148
Lot Size Square Feet 5000
Lot Size Units Square Feet
Open Parking Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 98107

Price
AVG $2.19M
$1.7M
Taxes
AVG $8,070
$14,264
Visits
AVG 33
50
Year Built
AVG 1975
1928
Walkscore
AVG 94
90
Data Provided by Walkscore ® not using MLS data

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