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    5239 Ballard Ave NW Seattle, WA 98107

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    For Sale
    $1,700,000

    Fully leased restaurant property in Seattle's Ballard neighborhood.

    Property size:
    1,722 SF
    Lot size:
    0.05 Acres

    Property Features for 5239 Ballard Ave NW

    General Information

    Size
    1,722 SF
    Lot size
    0.05 Acres

    Source: Gibraltar, LLC Agent Laura Miller

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

    Overview

    Prime Ballard Avenue Corner Restaurant

    Located in a desirable Seattle neighborhood, the CUMBRE BUILDING is a wood-framed brick property situated on the corner of Ballard Avenue NW and NW Vernon Place. This freestanding building offers investors the opportunity to own a property within the Ballard Hub Urban District and Ballard Avenue Landmark District. The property is located on a prominent corner and is surrounded by restaurants, boutiques, breweries, and creative offices. The location benefits from foot traffic, visibility, and growth potential. With a Walk Score of 94, the property is near Swedish Hospital - Ballard campus, Ballard Locks, and Golden Gardens Park. The 1,722 square foot property is fully leased and well-maintained. The single-tenant NNN leased property is occupied by Lupe’s Situ Tacos, with a long-term lease in place. The brick building features Ballard Avenue frontage, high exposed wood ceilings, exposed brick walls, Type 1 hood, full bar, HVAC, and an outdoor street patio. The building underwent alterations with seismic, energy code, and ADA upgrades completed in 2011.
    Insight Report Location Intelligence

    Current Use by Public Records

    Situ Tacos Mexican Restaurant

    Suggested Use

    Law Firm Restaurant Realty agency Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Similar Places Nearby

    Hood Famous Bakeshop, Alison's Coastal Catering, Sirius Pasta, Daybreak Caterers, L & L Reps

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.3833525
    Latitude
    47.6661771

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    FAQs

    What type of property is this?
    Restaurant - Fully leased restaurant property in Seattle's Ballard neighborhood.
    Where is this restaurant located?
    The property is located at 5239 Ballard Ave NW Seattle, WA.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: - Prime corner location on Ballard Avenue with high foot traffic and excellent visibility.; - Fully leased, well-maintained restaurant property (Lupe’s Situ Tacos) with a long-term NNN lease in place, providing immediate income.; - Character-rich, free-standing brick building in exceptional condition, reflecting pride of ownership.
    (206) 351-3573
    Request Owner's contact information
    5239 Ballard Ave NW Seattle, WA 98107
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    Seattle, WA 98107
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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
    5239 Ballard Ave NW Seattle, WA 98107
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