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8212-8218 Greenwood Ave N
Seattle, WA 98103
Retail Property For Sale
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.
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
Property Taxes
| Parcel Number | 643050-0227 | Improvements Assessment | $1,426,000 |
| Land Assessment | $3,030,700 | Total Assessment | $4,456,700 |
Property Taxes
Parcel Number
643050-0227
Land Assessment
$3,030,700
Improvements Assessment
$1,426,000
Total Assessment
$4,456,700
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8212-8218 Greenwood Ave N