Interbay Development Site For
1154 Elliott Ave W, Seattle, WA 98119
Development site in Interbay neighborhood with existing tenant.
Type:Land
Property size:
3,549 SFLot size:
0.91 Acres- Added:
- Apr 11, 2026
- Days on Market:
- 46
- Last Refresh:
- Apr 11 at 7:35 pm
Property Features for 1154 Elliott Ave W
General Information
- Standard status
- Active
- Size
- 3,549 SF
- Lot size
- 0.91 Acres
- Property subtype
- Land
Listing agent Hank Wolfer License #WA 110547
Listing office Marcus & Millichap - Seattle
Listing date Apr 11, 2026
Source Crexi
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HighLights
- High‑density development potential: Base FAR of 2.75 (up to 109,070 sq ft), potentially increasing to 4.50 (up to 178,479 sq ft), with a maximum height of 85 feet.
- Strategic location in Seattle's Interbay neighborhood, across from Expedia's new waterfront campus.
- Existing income‑producing property with a national tenant (The Vitamin Shoppe) under a net‑leased agreement through February 2026, with a 5‑year extension option.
- Located within the Ballard Interbay North Manufacturing Industrial Center and frequent transit service area with multiple bus routes.
- Zoned Industry Innovation U/85 (II U/85) allowing for industrial use, with office, retail, and hospitality permitted with area caps.
- Large, approximately rectangular‑shaped parcel of 39,662 sq ft.
Overview
The Interbay Development Site features a single tax parcel of approximately rectangular shape with an area of 39,662 square feet. The parcel is zoned Industry Innovation U/85 (II U/85) and is located within the Ballard Interbay North Manufacturing Industrial Center and frequent transit service area. A 3,549-square-foot structure built in 1969 currently sits on the property. The tenant, The Vitamin Shoppe, has occupied the property since 2006, with the current lease term running through February 28, 2026, and a one 5-year option to extend. The lease is structured as net-leased, with the tenant responsible for all operating expenses, including taxes, insurance, utilities, and maintenance. The landlord may cancel the lease with nine months' notice. The site is located at the southern end of Seattle’s Interbay neighborhood, across the street from Expedia’s new waterfront campus. Bus stops for routes 16, 17, 18, 19, 24, 32, 33, and the D-Line are within 1/4 mile of the site, providing access to the neighborhoods of Ballard, Crown Hill, Downtown, Fremont, Magnolia, Queen Anne, and University District. The property is suitable for industrial use development. Office, retail, and hospitality uses are also permitted but with caps on the maximum buildable area. Current zoning allows for a base floor area ratio (FAR) of 2.75, allowing for a structure with a gross floor area of up to 109,070 square feet. Per the provisions of SMC Section 23.50A.012, the FAR may be increased to 4.50, allowing for up to 178,479 square feet. The maximum height of a new structure is 85 feet. Records indicate two 6-inch side sewers flow into a combined main running along Elliott Avenue. A developer will likely need to upgrade the capacity of these side sewer lines but will benefit from the existing combined main in Elliot Avenue. The property is located within a liquefaction-prone area, a known slide area, and is on the edge of a steep slope, as designated by the City of Seattle.
Location Intelligence
Current Use by Public Records
Super Supplements
(Bike/Boat/Book/etc) Store
The Vitamin Shoppe
(Bike/Boat/Book/etc) Store
Tacos Jennyfer
Restaurant
Store Haul's
Department Store
Location Insight
- Map
- Local Demand
- City
- Seattle
- County
- King
- State
- Washington
- Longitude
- -122.3724919
- Latitude
- 47.6301546
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - Development site in Interbay neighborhood with existing tenant.
Where is this commercial land located?
The property is located at 1154 Elliott Ave W Seattle, WA.
What are key features of this property?
This property features: High‑density development potential: Base FAR of 2.75 (up to 109,070 sq ft), potentially increasing to 4.50 (up to 178,479 sq ft), with a maximum height of 85 feet.; Strategic location in Seattle's Interbay neighborhood, across from Expedia's new waterfront campus.; Existing income‑producing property with a national tenant (The Vitamin Shoppe) under a net‑leased agreement through February 2026, with a 5‑year extension option.
