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    14401-14409 Greenwood Ave N Seattle, WA 98103

    For Sale
    $2,799,000

    14,291 SF mixed-use building with rental upside.

    Property size:
    14,291 SF
    Lot size:
    0.33 Acres

    Property Features for 14401-14409 Greenwood Ave N

    General Information

    Size
    14,291 SF
    Lot size
    0.33 Acres

    Source: RE/MAX Metro Realty, Inc. Agent James Tjoa

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

    Overview

    Mixed-Use Building in Broadview

    This 14,291 square foot mixed-use building is located in the Broadview neighborhood, adjacent to the Seattle Golf Club. Currently named Greenwood Plaza, the property houses a mix of tenants, including restaurants, a brewery, storage facilities, and residential apartments. The property is situated on a 14,400 square foot lot. All rents are currently under market value, and multiple tenants are approaching renewal periods. New ownership has the opportunity to occupy space for their own business, with the potential to reconfigure suites to create up to 10,000 square feet of available space. Increasing rental rates to market value could potentially secure a cap rate in the low 7% range. The site is located 2 miles from the South Shoreline/148th St light rail station, which is currently under construction, and is a short drive from Shoreline Place retail center and the new community “358 Degrees” by Pulte Homes. Zoned NC2P-55(M), the site allows for a variety of uses and future development options, including a maximum building size of up to 54,000 square feet.
    Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    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
    -122.3559855
    Latitude
    47.7333351

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    FAQs

    What type of property is this?
    Mixed-use property - 14,291 SF mixed-use building with rental upside.
    Where is this mixed-use property located?
    The property is located at 14401-14409 Greenwood Ave N Seattle, WA.
    What is the asking price?
    The asking price for this property is $2,799,000.
    What are key features of this property?
    This property features: - Significant rental upside potential due to below-market rents and upcoming tenant renewals.; - Future development potential with NC2P-55(M) zoning allowing for a maximum building size of up to 54,000 SF.; - Large mixed-use building with 14,291 SF, accommodating diverse tenants including restaurants, a brewery, storage, and residential apartments.
    (206) 726-6230
    Request Owner's contact information
    14401-14409 Greenwood Ave N Seattle, WA 98103
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    Seattle, WA 98103
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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
    14401-14409 Greenwood Ave N Seattle, WA 98103
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