5239 Ballard Ave 1,722 SF Retail Building Seattle, WA 98107 $1,700,000 ($987.22/SF) 6.03% Cap Rate

Positioned in one of Seattle’s most desirable neighborhoods, CUMBRE BUILDING is a wood framed brick, free-standing, character-rich property sitting on the prime corner of Ballard Avenue NW and NW Vernon Place, offering investors a rare opportunity to own a prize investment property located within the Ballard Hub Urban District and Ballard Avenue Landmark District. Situated on a prominent corner and surrounded by thriving restaurants, boutiques, breweries, and creative offices, this location benefits from strong foot traffic, excellent visibility, and long-term growth potential. Boasting a “Walker’s Paradise” Walk Score of 94, the property offers close proximity to Swedish Hospital - Ballard campus, and iconic sites like Ballard Locks and Golden Gardens Park. Ballard continues to attract a dynamic mix of professionals, locals, and tourists year-round. 5239 Ballard Ave is a 1,722 SF fully leased, well-maintained restaurant property in exceptional condition. Thoughtfully updated and meticulously cared for, this building reflects true pride of ownership - with no deferred maintenance and systems in excellent working order.
The single tenant NNN leased property is currently occupied by Lupe’s Situ Tacos, with a long-term lease in place. The classic brick building features prime Ballard Avenue corner frontage, high exposed wood ceilings, exposed brick walls, Type 1 hood, full bar, HVAC, and outdoor street patio. The Building underwent “substantial-alterations” with seismic, energy code, and ADA upgrades completed in 2011.