Investment Overview

Marcus & Millichap has been selected to exclusively market for sale the former Miller Paint in the Ballard submarket of Seattle, WA, an owner/user or value-add investor opportunity. The property features a 7,842 SF commercial building with an open layout on 0.32 acres, with retail and warehouse space, providing for numerous use options. The property features prominent frontage along 15th Ave NW, a primary north-south arterial carrying over 60,000 vehicles per day, providing exceptional visibility, signage exposure, and strong drive-by traffic, with NW Leary Way carrying in excess of 14,000 vehicles per day for enhanced accessibility. Additionally, the property provides abundant parking with 13 parking stalls. The property is located within a dynamic commercial corridor, surrounded by national and regional tenants including PCC, UW Medicine, Trader Joe's, LA Fitness, West Marine, Fred Meyer, Safeway, Old Stove Brewing, Brown Bear Car Wash, O'Reilly Auto Parts, Les Schwab, Starbucks, and Top Pot Doughnuts, driving consistent consumer traffic and reinforcing long-term tenant demand. The property features flexible IC-65 (M) zoning, permitting a broad range of industrial, commercial, retail, office, automotive, medical, and craft production uses, supporting strong re-tenanting flexibility and long-term optionality. Currently vacant, the property offers lease-up opportunity with market rents approximately $22/SF–$25/SF + NNN. Located with convenient access to major north-south roadways I-5 and Hwy 99, downtown Seattle, and maritime operations connected to Lake Union and the Puget Sound, the property supports easy logistics, efficient customer access/employee commutes, and broad regional draw. The area demographics are strong, with over 223,000 people within a 3-mile radius with average household incomes exceeding $153,000.