Absolute NNN
For Sale
Contact for pricing
1630 Queen Anne Avenue North, Seattle, WA 98109
Corporate-leased commercial property with an absolute NNN structure and no landlord responsibilities.
Property Size5,960 SF
Days on Market25
Property Features for 1630 Queen Anne Avenue North
General Information
Standard status
Active
Size
5,960 SF
Total Parking Spaces
13
Property subtype
Retail
Zoning
NC2P55 (M)
Occupancy
100%
Lease Type
Absolute Net
Net Operating Income
$209,100
Additional Details
Corner Location
Yes
Land Use
commercial
Building Details
Year Built
1941
Units
1
Tenancy
Single
Listing Agency:
Kidder Mathews Seattle
Listed By:
Maggie Verger · License #WA 116408
(206) 600-8500
Source:
Crexi
Added: Aug 11
Changed: Sep 3
Last Checked: Sep 2 at 12:52AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kidder Mathews Seattle
Investment Insights
Based on property information with market context.
This 5,960-square-foot commercial property at 1630 Queen Anne Ave N is occupied by Columbia Bank, which has operated from the site since 2010. The current lease is absolute NNN, placing operating and property responsibilities with the tenant, and includes 2.5% annual rent escalations. Columbia Bank has exercised a 5-year lease extension.
The property occupies a hard corner within Seattle’s Queen Anne urban village and carries NC2P-55 (M) zoning. The zoning framework supports future redevelopment of approximately five to six stories, subject to applicable approvals. The site is positioned near downtown Seattle, South Lake Union, and major employment centers. Bank deposits at this branch have increased by more than 31% over the past three years, and Columbia Bank operates more than 350 branches nationwide.
The property occupies a hard corner within Seattle’s Queen Anne urban village and carries NC2P-55 (M) zoning. The zoning framework supports future redevelopment of approximately five to six stories, subject to applicable approvals. The site is positioned near downtown Seattle, South Lake Union, and major employment centers. Bank deposits at this branch have increased by more than 31% over the past three years, and Columbia Bank operates more than 350 branches nationwide.
Key Highlights
- 5,960‑square‑foot property at 1630 Queen Anne Ave N, Seattle, WA 98109
- Absolute NNN lease structure with zero landlord responsibilities
- Columbia Bank has occupied the property since 2010 and exercised a 5‑year extension
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,885
Businesses Nearby
Explore this area
Business Placement
Demographics for 98109, WA
34,551
Population
23,162
Households
1.5
Avg Household Size
32
Median Age
78%
College-Educated
98%
High-School Grad
1.9 sq mi
ZIP Area
18,185
Density / Sq Mi
$130,845
Median Household Income
$104,202
Median Earnings
$2,329
Median Rent
$986,000
Median Home Value
Market
Vacancy Rate% for Retail in Seattle, WA
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Frequently Asked Questions
What type of property is this?
NNN property - Corporate-leased commercial property with an absolute NNN structure and no landlord responsibilities.
Where is this nnn property located?
The property is located at 1630 Queen Anne Avenue North Seattle, WA.
What are key features of this property?
This property features: 5,960‑square‑foot property at 1630 Queen Anne Ave N, Seattle, WA 98109; Absolute NNN lease structure with zero landlord responsibilities; Columbia Bank has occupied the property since 2010 and exercised a 5‑year extension
