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9615-9629 15Th Ave SW Seattle, WA 98115

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For Sale
$1,200,000

5,600 SF retail building in thriving White Center business district.

Lot size:
0.27 Acres

Property Features for 9615-9629 15Th Ave SW

General Information

Lot size
0.27 Acres

Source: Coldwell Banker Commercial Danforth Agent Dominic Temmel

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


Overview

White Center Retail Investment Opportunity

This 5,600 SF retail building is located in the White Center business district, just off Roxbury Street. The property is configured with four suites and is currently fully leased on a month-to-month basis to a Mexican Deli Restaurant. The tenant is prepared to sign a new 5-year lease with a 5-year option, starting at $16/SF + NNN with 3% annual escalations, providing a 7.5% cap rate at stabilization. The property is suitable for both investors and owner-users and offers stable income potential and strong long-term growth. It has excellent freeway access.
Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Building Supply Gym & Fitness

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

Location Insight

  • Map
  • Local Demand
City
Seattle
County
King
State
Washington
Longitude
-122.3125133
Latitude
47.6990927

FAQs

What type of property is this?
Retail space - 5,600 SF retail building in thriving White Center business district.
Where is this retail space located?
The property is located at 9615-9629 15Th Ave SW Seattle, WA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: - 5,600 SF retail building offering flexibility for investors and owner-users.; - Potential for **7.5% cap rate** at stabilization with a new 5-year lease and option.; - Currently fully leased to a Mexican Deli Restaurant.
More about this property
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