Property Details

1471 NW 85th St 3

Seattle, WA 98117

$1,814,500

Available

CBA# 695319 courtesy of CBA Listing firm: Real Property Associates

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I’d like more information about 1471 NW 85th St 3, Seattle, MLS# 695319

Office / Retail

Property Type

8,525

Bldg Sq Ft

5.00%

Cap Rate

1949

Year Built

Property Overview

Investment opportunity in Ballard! 8458 rentable sf in this mixed-use building. 3 units on street and 1 large residential apartment on 2nd floor. There are two long-term tenants in the retail spaces, and one 1500sf vacant unit (owner occupy?). The restaurant and upstairs tenant are month-to-month, the hookah lounge has a lease until 2028 with an option to extend. Being situated right next to Safeway at a busy intersection, this location gets lots of exposure and high foot-traffic! Rents are under market value, pro forma financials have been used for the vacant unit.