7501 15th Avenue NW

Retail: Mixed Use
Pending

7501 15 Ave NW, SeattleWA 98117

Property Details

Location

Address
7501 15 Ave NW, SeattleWA 98117
County
King
Submarket
CBA Fremont/Ballard
Parcels
1232001285
Cross Street
NW 75th St

Building Size

Building Size
2,460 SF
Rentable Space
2,460 SF

Building Details

Type
 Retail: Mixed Use  
 Pending
Number of Buildings
1
Occupancy Type
Single Tenant
Percent Occupied
100%
Building Class
C
Building Status
Existing
Floors
1
Year Built
2002
Year Renovated
2010
Sprinklers
Parking Ratio
Heated
Yes
Owner Occupied
Yes

Land & Utilities

Land (Acres)
0.1 Acres
Land (SF)
4,356 SF
Zoning
NC2P55M
Lot Depth
Lot Width

Contacts

Current Listings

Auto Repair

2,460 SF$1,650,000
Cap Rate: 5.52%

Newer building on high visibility corner lot on 15th Ave NW in the Ballard Crown Hill neighborhood. Up-zoned in 2019 to NC2P55, allowing for 55’ buildings. Currently the home of a locally beloved auto repair station, this is a great single-tenant property investment. Tax records do not reflect a remodel addition to the building, square footage is estimated at 2,460 SF. There is a 5-year lease in place, with built-in yearly increases the rent will average $7380/mo NNN over the next 5 years. The tenant has been in business for 20 years, and the auto repair industry is recession-proof with revenues actually increasing during the pandemic. 15th Ave NW is the main arterial for the area. Additional revenue from the on-site billboard. The corner location with alley access features extra use flexibility over a mid-block location. Fantastic investment opportunity with robust current rent revenue plus substantial redevelopment land value due to the recent up-zoning.

Newer building on high visibility corner lot on 15th Ave NW in the Ballard Crown Hill neighborhood. Up-zoned in 2019 to NC2P55, allowing for 55’ buildings. Currently the home of a locally beloved auto repair station, this is a great single-tenant property investment. Tax records do not reflect a remodel addition to the building, square footage is estimated at 2,460 SF. There is a 5-year lease in place, with built-in yearly increases the rent will average $7380/mo NNN over the next 5 years. The tenant has been in business for 20 years, and the auto repair industry is recession-proof with revenues actually increasing during the pandemic. 15th Ave NW is the main arterial for the area. Additional revenue from the on-site billboard. The corner location with alley access features extra use flexibility over a mid-block location. Fantastic investment opportunity with robust current rent revenue plus substantial redevelopment land value due to the recent up-zoning.

View Details
View Details

Commercial Location Score (CLS) is a scoring system developed by Moody's Analytics to help commercial real estate professionals gain a quick understanding of the major factors that affect the value of a location. It's designed as a means to consistently evaluate a location's suitability/desirability for a particular use based on a number of factors.

BROKER

Source: CBA

©Copyright 2001-2022 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Catylist Real Estate Software, Inc. does not assume any liability for errors or omissions.

Commercial Exchange is a national commercial real estate marketplace powered by Catylist.