Property Details
8337 8339 15th Avenue NW
Seattle, WA 98117
$1,400,000
Active
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Property Overview
Price Reduced! 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.
Property Details
Property Information
Property Type
Commercial Sale
Subtype
Commercial Industrial
Status
Active
County
King
Neighborhood
Crown Hill
Listed
Aug 28, 2025
Original Price
$1,775,000
Parcel Number
7588700285
Tax & HOA
Annual Property Tax
$19,434 (2025)
Est. Monthly Tax
$1,620/mo
Financial Summary
Cap Rate
5.60%
Net Operating Income
$78,616
Gross Scheduled Income
$124,800
Gross Rent Multiplier
11.20
Total Expenses
$46,184
Total Actual Rent
$8,650/mo
Monthly NNN
$1,750/mo
Building & Use
Building Sq Ft
7,208
Total Units
3
Sq Ft Rented
7,208
Zoning
Commercial
Possible Use
Commercial
Lot Size
8,163 sqft
Year Built
1937
Exterior & Lot
Lot Size
0.19 sqft
Year Built
1937
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Exterior Features
Wood, Wood Products
Community & Access
Directions
I5 to Northgate Way. Ext toward 1st. Right on N Northgate way. Straight on N 1-4. slight left on Holman Rd N. Cont on 15th. Property is on the right.
Location
City
Seattle
County
King
Coordinates
47.68987, -122.37724
Additional Information
Tax Year
2025
Annual Taxes
$19,434
Possession
Array
Based on information submitted to the MLS GRID as of June 1, 2026 10:37 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.
