Listing Agency: Kidder Mathews Seattle Show Phone

Listed By: Maggie Verger · License #WA 116408

Source: Crexi

Added: Apr 12 Changed: Aug 8 Last Checked: Jul 21 at 12:03AM

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Investment Insights

Based on property information with market context.

The offering provides the opportunity to acquire a redevelopment site at 7034 15th Ave NW in Seattle’s Ballard neighborhood. The property is currently occupied by the WaterWheel Lounge and is being marketed for redevelopment use, including potential live/work and mixed-use development scenarios.

According to the seller’s remarks, the property was recently up-zoned to permit additional development opportunities. Interested parties should review the applicable zoning and redevelopment requirements to confirm feasibility for their intended concept.

Key Highlights

• Redevelopment site in the Ballard neighborhood, currently occupied by the WaterWheel Lounge
• Recently up‑zoned to permit additional development opportunities
• Suitable for live/work unit or mixed‑use development

Property Analytics

Property Profile

Current Use

Waterwheel Lounge Bar & Pub

Suggested Use

Top Pick HVAC Service Big Box & Wholesale Store Auto Parts Store Barber Shop Storage Facility (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

864

Businesses Nearby

Explore this area Business Placement

Demographics for 98117, WA

35,608

Population

15,230

Households

2.3

Avg Household Size

39

Median Age

75%

College-Educated

98%

High-School Grad

3.9 sq mi

ZIP Area

9,130

Density / Sq Mi

$182,500

Median Household Income

$95,616

Median Earnings

$2,197

Median Rent

$1,028,100

Median Home Value

Market

Vacancy Rate% for Office in Seattle, WA

8.5% 2019

13.4% 2020

17.6% 2021

19.5% 2022

24.3% 2023

30% 2024

32.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this live-work space located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Live-work space - Redevelopment site in Ballard currently occupied by a lounge, recently up-zoned for additional development opportunities.

Where is this live-work space located?

The property is located at 7034 15th Ave NW Seattle, WA.

What are key features of this property?

This property features: Redevelopment site in the Ballard neighborhood, currently occupied by the WaterWheel Lounge; Recently up‑zoned to permit additional development opportunities; Suitable for live/work unit or mixed‑use development