Property Details

8337 15th Ave NW

Seattle, WA 98117

$1,400,000

Available

CBA# 701782 courtesy of CBA Listing firm: Paragon Real Estate Advisors

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Office / Retail

Property Type

7,208

Bldg Sq Ft

Units

5.00%

Cap Rate

1985

Year Built

Property Overview

8,165 SF commercial lot zoned NC3P-75 (M1) is currently built out with a dog groomer, photography studio, and a single-family residence. This offering is a fully leased opportunity to collect cash flow or hold as a covered land play. Built in 1937, the building houses 3 retail suites that have seen consistent tenancy for years (currently leased through 2028). Both commercial users on short term deals to allow for immediate redevelopment potential. The current configuration includes a rear parking lot with a single-family residence, adding additional rental income to the property. Positive cash flow day one, allows a developer flexibility to work on the project without bleeding capital on a property that sits vacant.