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Great Hall Green Lake 7220 Woodlawn Ave 11,056 SF 12% Leased Retail Building Seattle, WA 98115 $4,275,000 ($386.67/SF)
INVESTMENT HIGHLIGHTS
- Extensive Remodel in 2008 - Essentially Plug and Play for the right Owner/User.
- Ease access to Major Routes, 10-Minute commute to Downtown Seattle, 20-Minute Commute to Bellevue
- Sought Out Strategic Location in North Seattle - Very Walkable & Bikeable
- Strong Demographics: High Average Household Incomes and Home Values with Significant Consumer Spending Power
EXECUTIVE SUMMARY
Currently, the building is operated as “The Great Hall at Green Lake” event space. In addition to it being an event space, the first level is rented out to a preschool daycare along with some administrative offices. The third floor consists of small office suites mostly made up of counseling offices. This rare and unique opportunity can appeal to a variety of different owner/users types as most of the existing tenants are on short-term leases such that almost all of the building can be available over time to an owner/ user if desired. 2008 Renovation Itemized List: All new electrical & wiring, All new plumbing, Foundation repair, NE side of building Seismic retrofit of building, New vertical lift/elevator, ADA bathrooms, Asbestos abatement, Lath and plaster repair, Roof replacement (Soprema Platinum) NOL Overlay
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
11,056 SF
Building Class
B
Year Built/Renovated
1921/2008
Price
$4,275,000
Price Per SF
$386.67
Percent Leased
12%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.83
Lot Size
0.09 AC
Zoning
NC2P-75 (M) - Neighborhood Commercial
Parking
18 Spaces (1.38 Spaces per 1,000 SF Leased)
Frontage
105’ on Woodlawn
Walk Score®
Very Walkable (85)
Bike Score®
Biker's Paradise (92)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 952810-1446 | Improvements Assessment | $2,543,800 |
| Land Assessment | $1,287,000 | Total Assessment | $3,830,800 |
PROPERTY TAXES
Parcel Number
952810-1446
Land Assessment
$1,287,000
Improvements Assessment
$2,543,800
Total Assessment
$3,830,800
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