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1553 NW Leary Way
Seattle, WA 98107
Industrial Property For Sale

Investment Highlights

  • Long-term lease in place
  • Future redevelopment opportunity

Executive Summary

We are pleased to announce the opportunity to purchase an income-producing industrial property in a highly sought after neighborhood of Seattle.
Located in the heart of Ballard, this building is leased to Carstar on a long term lease. The building is 8,278 square feet and sits on 13,200-square-foot lot with ample parking.
In addition to the long-term, passive income, the future redevelopment potential of the property’s prime location offers further upside.

Property Facts

Sale Type Investment
Cap Rate 5.66%
Property Type Industrial
Property Subtype
Manufacturing
  • General Retail Auto Dealership
Building Class C
Lot Size 0.30 AC
Rentable Building Area 8,278 SF
No. Stories 1
Year Built/Renovated 1988/2000
Tenancy Single
Parking Ratio 2.17/1,000 SF
Clear Ceiling Height 16’
No. Dock-High Doors/Loading 1
No. Drive In / Grade-Level Doors 1
Zoning IG2 U65

Amenities

  • Signage

Property Taxes

Property Taxes

Parcel Number
276770-2065
Land Assessment
$2,244,000
Improvements Assessment
$1,000
Total Assessment
$2,245,000
  • Listing ID: 35810928

  • Date on Market: 5/9/2025

  • Last Updated:

  • Address: 1553 NW Leary Way, Seattle, WA 98107

Contact the Sale Advisor

1553 NW Leary Way

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