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    5943 Martin Luther King Jr Way Seattle, WA 98118

    For Sale
    $720,000

    High-potential Seattle commercial property, leased, great location.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional 0.1-acre commercial property located at 5943 Martin Luther King Jr S, Seattle, WA, presents a compelling investment opportunity for discerning buyers. Currently leased to a church, the property is zoned NC2-75 (M), offering significant flexibility for future development and diverse commercial uses. The strategic location on MLK Way ensures high visibility and accessibility, further enhanced by its proximity to light rail. This translates to convenient access for employees, customers, and the wider community. The existing lease provides a stable income stream while allowing for long-term strategic planning. Investors and developers alike will appreciate the potential for significant returns, whether through continued lease income or conversion to alternative commercial ventures. The property's prime location within a thriving area, close to established businesses, guarantees a strong foundation for future growth and profitability. The property's size and zoning regulations provide ample opportunity for expansion or redevelopment, catering to a wide range of commercial uses. This is a rare chance to acquire a well-situated commercial property in a rapidly developing area of Seattle, offering both immediate income and substantial long-term potential. Serious inquiries are encouraged. The asking price is $720,000.

    Property Features for 5943 Martin Luther King Jr Way

    General Information

    Property type
    Other commercial real estate
    Lot Size
    4,356 SF

    Building Details

    Year Built
    1952
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    New Beginning Christian ... Religious Organization

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.2872
    Latitude
    47.54855

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    FAQs

    What type of property is this?
    Commercial real estate - High-potential Seattle commercial property, leased, great location.
    Where is this commercial real estate located?
    The property is located at 5943 Martin Luther King Jr Way Seattle, WA.
    What is the asking price?
    The asking price for this property is $720,000.
    (425) 800-0310
    Request Owner's contact information
    5943 Martin Luther King Jr Way Seattle, WA 98118
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    Seattle, WA 98118
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5943 Martin Luther King Jr Way Seattle, WA 98118
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