4800 40th Ave SW 0.45 Acres of Commercial Land Offered at $5,000,000 in Seattle, WA 98116

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.