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2037 E Madison St 2,100 SF Retail Building Seattle, WA 98122 $1,050,000 ($500/SF)
Investment Highlights
- Zoning: NC3P-75(M) – supports a wide range of use
- High-visibility area with strong traffic counts
- Access: Easy connectivity to major highways
- Development Potential: Up to 75 feet / 7 stories ~ Ready for improvements, renovations,or redevelopment
- Nearby Amenities: Hospitals, schools, housing, groceries, restaurants, and more
Executive Summary
Available for sale -Prime Multi-Use Commercial Property | Rare Redevelopment Opportunity Legal Address: 2037 E. Madison | Mailing Address: 2041 E. Madison Situated in a high-traffic, high-visibility corridor, this versatile commercial property is zoned NC3P-75(M) and offers 75 feet (7 stories) of air rights, making it an ideal candidate for redevelopment. Whether you’re planning retail, office, residential, or mixed-use projects, this site provides exceptional flexibility and long-term value. Surrounded by a dynamic mix of thriving businesses and essential amenities—including hospitals, schools, apartment complexes, grocery stores, spas, and restaurants—the location benefits from a steady flow of foot and vehicle traffic. With excellent highway access and strong community integration, this is a prime location for business growth. Building is in need of renovations.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
2,100 SF
Building Class
C
Year Built/Renovated
1950/1975
Price
$1,050,000
Price Per SF
$500
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.80
Lot Size
0.06 AC
Zoning
NC3P-75 - NC3P-75 : Neighborhood Commercial zoning allows mid-rise mixed-use development up 75 feet,combining residential,office, and retail uses.
Frontage
79’ on East Madison Street
Exceptionally walkable
100/100
Moderately drivable
60/100
Strong public transit
80/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 140730-0140 | Improvements Assessment | $1,000 |
| Land Assessment | $1,263,600 | Total Assessment | $1,264,600 |
Property Taxes
Parcel Number
140730-0140
Land Assessment
$1,263,600
Improvements Assessment
$1,000
Total Assessment
$1,264,600
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Contact the Sale Advisor
2037 E Madison St