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    5622 1St Ave S Seattle Seattle, WA 98108

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    For Sale
    $1,250,000

    Retail property for sale, with existing tenant in place.

    Property size:
    3,360 SF

    Property Features for 5622 1St Ave S Seattle

    General Information

    Standard status
    Active
    Size
    3,360 SF

    Building Details

    Year built
    1954
    Source: Corcoran

    Listing Agent: Jordan Springer

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Property in Seattle Available

    A retail property is available for sale. The property has a size of 3360 square feet and is suitable for grocery and convenience stores, individual retail properties, and general retail purposes. The adjacent parcel is also available for sale, totaling 0.81 acres. An existing tenant occupies the convenience store.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Little Deli Mart Deli

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.3338697
    Latitude
    47.5522023

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    FAQs

    What type of property is this?
    Grocery and convenience store - Retail property for sale, with existing tenant in place.
    Where is this grocery and convenience store located?
    The property is located at 5622 1St Ave S Seattle Seattle, WA.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: - Adjacent parcel available for sale, totaling 0.81 acres.; - Existing tenant in convenience store.; - Year built: 1954.
    Request Owner's contact information
    5622 1St Ave S Seattle Seattle, WA 98108
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    Seattle, WA 98108
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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
    5622 1St Ave S Seattle Seattle, WA 98108
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