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8323-8327 15th Ave
Seattle, WA 98117
Crown Hill Retail Assemblage · Retail Property For Sale


Investment Highlights
- Two contiguous parcels totaling ± 16,330 SF of land
- Multiple income streams with diversified tenancy
- Strong visibility and consistent traffic counts
- Mixed-use asset: single-family residence + 4-suite commercial building
- Seller Financing available
- Flexibility for investors, developers, or owner/users
Executive Summary
The offering consists of two contiguous parcels totaling approximately 16,330 square feet of land, improved with a single-family residence and a commercial building comprised of four retail suites. This unique configuration provides a blend of in-place income with long-term redevelopment potential, making it well-suited for investors, developers, or owner/users seeking scale in a supply-constrained urban neighborhood. The commercial building features four individual suites, offering diversified tenancy and flexibility for a range of retail or service-oriented users. The adjacent residential structure provides additional income or potential for owner occupancy, further enhancing the asset’s versatility. With frontage along 15th Ave NW, the property benefits from strong visibility and consistent vehicular traffic through one of Northwest Seattle’s primary arterial corridors.
Positioned on a sizable 16,330 SF footprint, the site presents compelling future redevelopment potential, subject to zoning, in an area experiencing continued residential and commercial growth. The surrounding Crown Hill and Ballard neighborhoods are known for their strong demographics, walkability, and ongoing demand for housing and neighborhood-serving retail.
Whether pursuing a hold strategy with stable income or planning for future redevelopment, 8323 & 8327 15th Ave NW represents a highly flexible opportunity in one of Seattle’s most active and evolving submarkets.
Positioned on a sizable 16,330 SF footprint, the site presents compelling future redevelopment potential, subject to zoning, in an area experiencing continued residential and commercial growth. The surrounding Crown Hill and Ballard neighborhoods are known for their strong demographics, walkability, and ongoing demand for housing and neighborhood-serving retail.
Whether pursuing a hold strategy with stable income or planning for future redevelopment, 8323 & 8327 15th Ave NW represents a highly flexible opportunity in one of Seattle’s most active and evolving submarkets.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
4,960 SF
Building Class
C
Year Built
1924
Price
$2,750,000
Price Per SF
$554.44
Cap Rate
3.18%
NOI
$87,465
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.30
Lot Size
0.38 AC
Zoning
NC3P-75 (M1)
Frontage
86’ on 15th Ave
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,000 | |
| Land Assessment | $4,258,700 | Total Assessment | $4,260,700 |
Property Taxes
Parcel Numbers
Land Assessment
$4,258,700
Improvements Assessment
$2,000
Total Assessment
$4,260,700
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