Your email has been sent.
4800 40th Ave SW 5,504 SF of Retail Space Available in Seattle, WA 98116
HIGHLIGHTS
- Excellent West Seattle Junction location on a high visibility, corner-lot parcel
- 5,504-SF building for sale or lease, previously operated as a successful day care and retail marijuana store
- Current development opportunity with MUP ready for pickup featuring 86 studio, one, and two-bed units
- 95 walk score per walkscore.com - Adjacent to Whole Foods anchored shopping center and near an abundance of shopping, grocery, coffee shops, etc.
- Parking for 20 cars and potential to short plat and develop part of the lot as townhomes
- Blocks from the RapidRide stop, providing constant service directly to Downtown and South Lake Union
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 5,504 SF | Negotiable | $45.00 /SF/YR $3.75 /SF/MO $247,680 /YR $20,640 /MO | Triple Net (NNN) |
1st Floor
- Lease rate does not include utilities, property expenses or building services
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 5,504 SF | Gross Leasable Area | 5,504 SF |
| Property Type | Retail | Year Built | 1962 |
| Property Subtype | Freestanding | Parking Ratio | 2/1,000 SF |
| Total Space Available | 5,504 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 5,504 SF |
| Year Built | 1962 |
| Parking Ratio | 2/1,000 SF |
ABOUT THE PROPERTY
Well positioned in Seattle’s desirable West Seattle Junction neighborhood, 4800 40th Ave SW offers a Walker’s Paradise walk score of 95. The property is adjacent to a shopping center anchored by a Whole Foods grocery store, and is near a wide array of shopping, grocery, and food and drink options. Additionally, the property is positioned just blocks from a RapidRide C Line stop, which provides regular and reliable service directly to the Downtown Seattle and South Lake Union neighborhoods. It is also within walking distance of the future Alaska Junction light rail stop, targeted for completion in 2032. 4800 40th Ave SW is a high visibility, corner-lot parcel. The 5,504-SF building has previously operated as a successful daycare and as a retail marijuana store. The parcel offers parking for approximately 20 vehicles and ample outdoor space for a children’s play area or outdoor dining. Additionally, the 19,556-SF lot with NC3-55 (M) zoning offers a new owner multiple options for redevelopment. There exists the opportunity to short plat and develop a portion of the lot as townhomes, while keeping the existing building intact. Alternatively, if the new owner prefers to redevelop the entire parcel, there is a MUP ready featuring 86 studio, one, and two-bedroom units.
NEARBY MAJOR RETAILERS
Presented by
4800 40th Ave SW
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.