9615-9629 15Th Ave SW Seattle, WA 98115
5,600 SF retail building in thriving White Center business district.
Lot size:
0.27 AcresProperty Features for 9615-9629 15Th Ave SW
General Information
- Lot size
- 0.27 Acres
Source:
Moodyscre
Listing 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
Location Insight
- Map
- Local Demand
- City
- Seattle
- County
- King
- State
- Washington
- Longitude
- -122.3125133
- Latitude
- 47.6990927
Nearby Similar for Sale
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.