Incredible opportunity to acquire a 14,291 SF mixed-use building with huge rental upside and future development potential. Located in the vibrant Broadview neighborhood, near the Seattle Golf Club, Greenwood Plaza is home to a diverse blend of tenants including popular local restaurants, a brewery, storage and an apartment.Possible owner-user opportunity by combining suites (up to 10K SF) with leases coming up for renewal, or new ownership may increase rents to market and secure a cap rate in the low 7% range.The 14,400 SF site is only 2 miles from the S. Shoreline/148th St light rail station (under construction), & near thriving retail centers and new housing. NC2P-55(M) zoning offers excellent development potential.
MLS# | 2244408 |
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Listing Type | For Sale |
Style | Commercial |
Sub-Type | Resale |
Status | Active |
Year | 1928 |
Days On Site | 139 |
Listing Provided By | RE/MAX Metro Realty, Inc. | James S. Tjoa |
Acreage | 0.33 |
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State | WA |
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County | King |
City | Seattle |
Zip Code | 98133 |
Area | 705 Ballard | Greenlake |
Community Name | Broadview |
Listing VS Median (in Broadview) | |
Price: $2,799,000 low | high Med: $1,000,000 On Site: 139 low | high Med: 4.000000 |