7520 35th Ave NE | Seattle, WA 98115
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- LoopNet Team
7520 35th Ave NE
Seattle, WA 98115
Wedgwood Mixed Use · Retail Property For Sale
Investment Highlights
- 5,050 sf mixed-use building in the Wedgwood neighborhood with groundfl oor retail, 2nd fl oor apartment unit, a lower level commercial space.
- Low in-place contract rents creates significant rental upside
- Shadow anchored by Safeway and within close proximity to other major retailers such as QFC, Rite Aid, Starbucks, Orangetheory, Chase Bank, and Top Pot
- Leases expire by June 2021, allowing investor to quickly (a) raise rents to market rate, (b) renovate/redevelop, or (c) occupy as owner user
- Ground floor restaurant - Thai of Wedgwood - is interested in extending its lease early. See brokers for details.
- Within a 5-mile radius, the average household income exceeds $137,200 and the population density is over 484,000.
Property Facts
Property Type
Retail
Property Subtype
Building Size
5,940 SF
Building Class
C
Year Built
1994
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.65
Lot Size
0.21 AC
Zoning
NC2P-40
Parking
12 Spaces (2.02 Spaces per 1,000 SF Leased)
Frontage
37’ on 35th Ave
Amenities
- Restaurant
- Signage
- Balcony
Property Taxes
| Parcel Number | 639200-0360 | Improvements Assessment | $164,600 |
| Land Assessment | $1,400,000 | Total Assessment | $1,564,600 |
Property Taxes
Parcel Number
639200-0360
Land Assessment
$1,400,000
Improvements Assessment
$164,600
Total Assessment
$1,564,600
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