Property Details
407 W Galer Street
Seattle, WA 98119
$1,325,000
Pending Feasibility
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Property Overview
Rare opportunity to purchase a freestanding commercial retail building in a coveted top of Queen Anne location. Studs out remodel in 2007 including all new electrical, plumbing, HVAC & ADA ramp. The 2,086 SF building is currently configured as a Salon & Spa but the open floor plan makes it ideal for many different uses. The first floor is flooded by natural light from the floor-to-ceiling windows fronting West Galer St. and features a large reception/waiting area, 4 salon stations, hair washing space, kitchenette, W/D, storage & restroom. The 2nd floor has a quaint waiting nook, 5 private spa rooms, kitchenette, shower, W/D & restroom. Flexible NC2P-55 zoning allows for a variety of uses including retail, office, residential, etc. Leased to a single tenant on a NNN lease until 12/15/28. No option to extend the lease, but long-term tenant indicates they'd like to stay. Available for an owner-user to occupy upon lease termination, or continue collecting rent and the realizing the benefits of owning a hands-off investment property in an unbeatable location. Please don't disturb tenant.
Property Details
Property Information
Property Type
Commercial Sale
Subtype
Commercial Industrial
Status
Pending Feasibility
County
King
Neighborhood
Queen Anne
Listed
Mar 12, 2026
Structure Type
Retail
Parcel Number
1732801420
Tax & HOA
Annual Property Tax
$11,289 (2026)
Est. Monthly Tax
$941/mo
Financial Summary
Cap Rate
5.16%
Net Operating Income
$68,400
Gross Scheduled Income
$80,939
Gross Rent Multiplier
16.00
Total Expenses
$12,539
Total Actual Rent
$5,700/mo
Monthly NNN
$1,045/mo
Building & Use
Building Sq Ft
2,086
Total Units
1
Sq Ft Rented
2,086
Zoning
Business,Commercial,Multi-Family,Office,Residential,Retail
Possible Use
Business, Commercial, Multi-Family, Office, Residential, Retail
Lot Size
1,799 sqft
Year Built
1914
Exterior & Lot
Lot Size
0.04 sqft
Year Built
1914
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Exterior Features
Wood, Wood Products
Community & Access
Directions
GPS
Location
City
Seattle
County
King
Coordinates
47.63222, -122.36215
Additional Information
Tax Year
2026
Annual Taxes
$11,289
Possession
Array
Based on information submitted to the MLS GRID as of June 1, 2026 11:09 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
