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    8337-8339 15Th Ave NW Seattle, WA 98117

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    For Sale
    $1,536,000

    Fully leased commercial lot with redevelopment potential in Seattle, WA.

    Lot size:
    0.19 Acres

    Property Features for 8337-8339 15Th Ave NW

    General Information

    Lot size
    0.19 Acres

    Source: Paragon Real Estate Advisors Agent Mitch Battison

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

    Overview

    Commercial Lot with Redevelopment Potential

    This commercial lot, totaling 8,165 square feet, is zoned NC3P-75 (M1) and features a dog groomer, photography studio, and a single-family residence. Constructed in 1937, the building includes three retail suites with a history of consistent tenancy, currently leased through 2026. The property is offered as a fully leased opportunity, providing immediate cash flow or serving as a covered land play. The current configuration includes a rear parking lot and a single-family residence, contributing additional rental income. The commercial tenants are on short-term leases, allowing for immediate redevelopment potential. This property offers positive cash flow from day one, providing a developer with the flexibility to plan the project without incurring costs on a vacant property.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon 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
    -122.3772406
    Latitude
    47.6898755

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    FAQs

    What type of property is this?
    Retail space - Fully leased commercial lot with redevelopment potential in Seattle, WA.
    Where is this retail space located?
    The property is located at 8337-8339 15Th Ave NW Seattle, WA.
    What is the asking price?
    The asking price for this property is $1,536,000.
    What are key features of this property?
    This property features: - Fully leased property generating immediate positive cash flow.; - 8,165 SF commercial lot zoned NC3P-75 (M1) offering redevelopment potential.; - Includes 3 retail suites with consistent tenancy and a single-family residence for additional rental income.
    (206) 623-8880
    Request Owner's contact information
    8337-8339 15Th Ave NW Seattle, WA 98117
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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
    8337-8339 15Th Ave NW Seattle, WA 98117
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