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50th St. Plaza 101 NE 50th St 4,057 SF 100% Leased Retail Building Seattle, WA 98105 $5,000,000 ($1,232.44/SF)
Investment Highlights
- RARE URBAN INFILL CORNER: Generational corner commercial asset offered for the first time in 30 years.
- MULTIPLE “VALUE-ADD” OPPORTUNITIES The existing 7-Eleven and Salon leases expire in 2030, defining a future repositioning opportunity timeline.
- UNIVERSITY DISTRICT GROWTH The University District is emerging as a premier growth residential and mixed-use investment market anchored by the U of W.
- EXCEPTIONAL PROPERTY FUNDAMENTALS The property occupies a prominent corner location with outstanding visibility, access and neighborhood.
- EXCELLENT DEMOGRAPHICS The three-mile trade area includes a dense surroundings with approximately 304,000 residents across 143,000 households.
Executive Summary
Linc Properties is pleased to present the rare opportunity to acquire a legacy corner asset located prominently at the nexus of two of Seattle’s most desirable neighborhoods. 50th Street Plaza, offered for sale for the first time in 30 years, has operated as a successful retail and gas station since 1965. 7/11 constructed the current improvements in 1987 and has demonstrated the enduring strength of this location for nearly four decades. The existing 7-Eleven and Salon leases expire in June of 2030, providing stable near-term income while offering investors a defined value-creation horizon through potential lease renewal, re-tenanting, owner-user occupancy, or future redevelopment. The property is zoned NC-140 (M), allowing significant long-term multifamily/mixed-use redevelopment potential aligning with Seattle’s continued urban density and transit-oriented growth initiatives. Located minutes from the University of Washington and within one of Seattle’s most supply-constrained infill submarkets, the property benefits from sustained residential density growth, ongoing mixed-use development, and strong neighborhood commercial demand supported by recent City zoning densification driving area residential, employment,
and student population growth. This offering represents a generational corner asset within a dense, high-barrier-to-entry Seattle neighborhood, positioned
to benefit from increasing land scarcity and long-term value appreciation as commercial, service and redevelopment opportunities in core urban locations continue to diminish.
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Property Facts
Amenities
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
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- Retailer
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In 1927, 7-Eleven showed the world just how convenient shopping could be – and they’ve been doing it every day since. Today, 7-Eleven is a global brand with more stores than any other retailer in the world. 7-Eleven, Inc. now operates a robust family of banners and brands, including Speedway®, Stripes®, Laredo Taco Company® and Raise the Roost® Chicken and Biscuits locations throughout the U.S. The brand also has a history of firsts — coffee in to-go cups, 24/7 hours and self-serve soda fountains, to name a few. Not to mention iconic products – like Slurpee® and Big Gulp® drinks – that have become a part of American culture. As the world’s largest convenience retailer, 7-Eleven also helped pioneer the Franchise model and is now consistently ranked as a top-10 Franchisor – a true testament to their entrepreneurial spirit. Although they’ve grown significantly over the years, they remain focused on innovating to meet customers' needs.
- Salon Excellence
- Services
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| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
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Retailer | - | - | - | ||
| Salon Excellence | Services | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 881840-0720 | Improvements Assessment | $411,700 |
| Land Assessment | $4,597,200 | Total Assessment | $5,008,900 |
Property Taxes
Contact the Sale Advisor
50th St. Plaza | 101 NE 50th St