Mixed-Use

Ballard Midas Site

7055 15th Ave NW, Seattle, WA 98117

Listing Price: $2,565,000

Land Type
Redevelopment

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale 7055 15th Ave NW in Seattle, Washington. The subject property consists of a 3,999 SF, three-bay automotive repair facility that is situated on a 13,068 SF corner lot. Located at 15th Avenue NW and NW 73rd Street, the NC2-55(M) zoned site benefts from excellent visibility and access to local amenities.

This site is well positioned for either a value-add commercial repositioning or a ground-up redevelopment. As a commercial repositioning opportunity, the subject property presently has deeply below-market leases, while as a residential development is well suited for townhomes or apartments. The property is leased through April 2021, however, the tenant is open to departing early. Located near the heart of Ballard, the property is within close proximity to a variety of restaurants, retailers, and commercial services.

Home to the Ballard Locks, Golden Garden State Park, Carl English Botanical Garden, and the Ballard Farmers Market, the city of Ballard is known for its attractive blend of historic and modern architecture, with thriving businesses and a variety of activities for all ages. The location also benefts from immediate access to both conventional and RapidRide bus routes and boasts a high walkability score of 88. Tenants can hop on the RapidRide D and enjoy swift and comfortable transport to downtown and many of the highest paying employers in the region.

The continued growth of Seattle has generated record demand for multifamily, retail, and ofce space in all parts of Seattle and in Ballard in particular. As a result, urban renewal is rapidly transforming the streetscapes, bringing new prosperity to neighborhoods and revitalizing historically under-utilized areas. 7055 15th Ave NW represents a prime urban infll opportunity and will contribute to the continued growth and renewal of the area.

Investment Highlights

  • 13,068 SF Prime Ballard Infill Opportunity Zoned NC2-55(M)
  • Rare Hard Corner Site
  • Value-Add Reposition OR Develop When Ready While Enjoying Income
  • Walk Score 88: Most Errands Can Be Accomplished on Foot
  • Just a Few Steps Away From Ballard High School
  • Located in a Thriving Neighborhood With Ample Parking

Exclusively Listed By

Listing Price: $2,565,000

Land Type
Redevelopment

Investment Highlights

  • 13,068 SF Prime Ballard Infill Opportunity Zoned NC2-55(M)
  • Rare Hard Corner Site
  • Value-Add Reposition OR Develop When Ready While Enjoying Income
  • Walk Score 88: Most Errands Can Be Accomplished on Foot
  • Just a Few Steps Away From Ballard High School
  • Located in a Thriving Neighborhood With Ample Parking

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale 7055 15th Ave NW in Seattle, Washington. The subject property consists of a 3,999 SF, three-bay automotive repair facility that is situated on a 13,068 SF corner lot. Located at 15th Avenue NW and NW 73rd Street, the NC2-55(M) zoned site benefts from excellent visibility and access to local amenities.

This site is well positioned for either a value-add commercial repositioning or a ground-up redevelopment. As a commercial repositioning opportunity, the subject property presently has deeply below-market leases, while as a residential development is well suited for townhomes or apartments. The property is leased through April 2021, however, the tenant is open to departing early. Located near the heart of Ballard, the property is within close proximity to a variety of restaurants, retailers, and commercial services.

Home to the Ballard Locks, Golden Garden State Park, Carl English Botanical Garden, and the Ballard Farmers Market, the city of Ballard is known for its attractive blend of historic and modern architecture, with thriving businesses and a variety of activities for all ages. The location also benefts from immediate access to both conventional and RapidRide bus routes and boasts a high walkability score of 88. Tenants can hop on the RapidRide D and enjoy swift and comfortable transport to downtown and many of the highest paying employers in the region.

The continued growth of Seattle has generated record demand for multifamily, retail, and ofce space in all parts of Seattle and in Ballard in particular. As a result, urban renewal is rapidly transforming the streetscapes, bringing new prosperity to neighborhoods and revitalizing historically under-utilized areas. 7055 15th Ave NW represents a prime urban infll opportunity and will contribute to the continued growth and renewal of the area.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower