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8212-8218 Greenwood Ave N 12,930 SF 85% Leased Retail Building Seattle, WA 98103 $5,500,000 ($425.37/SF) 4.57% Cap Rate
Executive Summary
A rare opportunity to own a stabilized, cash-flowing asset in one of Seattle’s most sought-after neighborhoods. Located in the vibrant Greenwood district, this investment is within walking distance of bus routes and downtown Greenwood’s retail, dining, and entertainment scene.
This mixed-use property features five ground-floor retail spaces and seven well-appointed apartments. The apartment floor plans include: 3 one-bedrooms, 2 studios, and 2 two-bedrooms. With on-site laundry and 21 dedicated parking spaces, this property offers convenience and appeal for both residents and businesses alike.
With a strong cash flow and prime location, this turn-key asset delivers immediate income potential in a high-demand market. Additionally, the parcel is zoned NC2P55, the parking lot alone could support a residential development, buyer to verify.
This mixed-use property features five ground-floor retail spaces and seven well-appointed apartments. The apartment floor plans include: 3 one-bedrooms, 2 studios, and 2 two-bedrooms. With on-site laundry and 21 dedicated parking spaces, this property offers convenience and appeal for both residents and businesses alike.
With a strong cash flow and prime location, this turn-key asset delivers immediate income potential in a high-demand market. Additionally, the parcel is zoned NC2P55, the parking lot alone could support a residential development, buyer to verify.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
12,930 SF
Building Class
C
Year Built
1912
Price
$5,500,000
Price Per SF
$425.37
Cap Rate
4.57%
NOI
$251,580
Percent Leased
85%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
12’
Building FAR
1.02
Lot Size
0.29 AC
Zoning
NC2P-55(M) - The parking lot alone could support a residential development, buyer to verify.
Parking
19 Spaces (1.35 Spaces per 1,000 SF Leased)
Frontage
84’ on Greenwood Ave
Amenities
- Signage
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Located in the Heart of Charming Downtown Greenwood -1,906 SF retail space -$28/SF + $5.70 NNN (1/2 price mezzanine) = $4,3000 monthly -Parking -3 dedicated restrooms -Kitchenette -Heating and cooling -200 AMP single phase
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,906 SF | Retail | In-Line | Now |
1st Floor
| Size |
| 1,906 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1 of 8
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Floor
| Size | 1,906 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Located in the Heart of Charming Downtown Greenwood -1,906 SF retail space -$28/SF + $5.70 NNN (1/2 price mezzanine) = $4,3000 monthly -Parking -3 dedicated restrooms -Kitchenette -Heating and cooling -200 AMP single phase
Walk Score®
Walker's Paradise (93)
Bike Score®
Very Bikeable (86)
Nearby Major Retailers
Property Taxes
| Parcel Number | 643050-0227 | Total Assessment | $4,456,700 (2024) |
| Land Assessment | $3,030,700 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,426,000 (2024) | Tax Year | 2025 |
Property Taxes
Parcel Number
643050-0227
Land Assessment
$3,030,700 (2024)
Improvements Assessment
$1,426,000 (2024)
Total Assessment
$4,456,700 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
1 of 17
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
