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7212 Woodlawn Ave NE
Seattle, WA 98115
Retail Property For Sale
Investment Highlights
- Fully Leased Retail Asset with Immediate Cash Flow
- Efficient Two-Tenant Configuration
- Prime Green Lake Location
- Strong Pedestrian Traffic & Visibility
Executive Summary
7212 & 7214 Green Lake Drive NE is a fully leased neighborhood retail investment located in the heart of Seattle’s highly desirable Green Lake commercial district, just one block from Green Lake Park. The property consists of a single-story retail building totaling approximate-ly 1,820 square feet, divided into two equally sized 910-square-foot suites, both occupied by established tenants, providing investors with immediate and stable cash flow.
Originally constructed in 1947, the building features durable masonry construction with a flat roof and underwent significant renovations in 1975. Its efficient suite configuration and highly visible location make it an attractive long-term retail investment in one of Seattle’s most sought-after neighborhoods. The site offers convenient street parking and alley access, facilitating tenant loading and service needs.
Originally constructed in 1947, the building features durable masonry construction with a flat roof and underwent significant renovations in 1975. Its efficient suite configuration and highly visible location make it an attractive long-term retail investment in one of Seattle’s most sought-after neighborhoods. The site offers convenient street parking and alley access, facilitating tenant loading and service needs.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
1,820 SF
Building Class
C
Year Built
1947
Price
$1,200,000
Price Per SF
$659.34
Cap Rate
4.24%
NOI
$50,880
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
1.04
Lot Size
0.04 AC
Zoning
NC2P-75(M)
Frontage
38’ on Woodlawn
Property Taxes
| Parcel Number | 952810-1445 | Improvements Assessment | $172,200 |
| Land Assessment | $612,100 | Total Assessment | $784,300 |
Property Taxes
Parcel Number
952810-1445
Land Assessment
$612,100
Improvements Assessment
$172,200
Total Assessment
$784,300
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