Investment Overview

Marcus & Millichap has been selected exclusively to market for sale Ballard Bros Dev Site located within the Ballard neighborhood of Seattle, WA. This prime development site is ideally located on 15th Ave NW, a major arterial road in north Seattle, just one block from NW Market St, with combined traffic counts exceeding 58,000 vehicles per day. The property is zoned C1-75(M) which allows for a variety of uses, including high-density mixed-use developments, offering the potential for 70,455 SF of net rentable area, making it an ideal site for residential and commercial projects. The zoning permits residential uses, eating and drinking establishments, retail sales and service, offices, live/work, parks and open space, institutions, and more. A recent massing study by architect Weber Thompson illustrates the development potential under the current C1-75(M) zoning, demonstrating the feasibility of a mixed-use project with approximately 70 residential units, 1,470 SF of ground-floor retail, and both sub-grade and ground-level parking. The property benefits from a strong, affluent demographic, with over 223,000 residents within a 3-mile radius and an average household income of over $153,000, making it an ideal location for a high-value residential development. Ballard is widely regarded as one of Seattle’s most desirable neighborhoods, known for its walkability, vibrant dining scene, shopping options, and top-rated elementary schools, attracting both residents and businesses alike. The property is also positioned within walking distance of major national retailers such as Safeway, Wendy’s, Walgreens, Starbucks, Planet Fitness, Five Guys, and more, ensuring strong foot traffic and demand. There are multiple bus routes directly along 15th Ave NW and Market Street NW, providing easy access to transit for future residents. Additionally, the Property is nearby the proposed location for the Ballard light rail station. The Ballard Link Extension is planned to be operational in 2039, connecting Ballard to downtown Seattle and the rest of the Link light rail network from there. The property’s proximity to the Ballard light rail station will ensure the property’s long-term value and continued demand by residents.