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Mixed-Use Building with Studios
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5345 Ballard Ave NW, Seattle, WA 98107

Two-story masonry building with a daylight basement, fully occupied by retail galleries and residential studios and a one-bedroom unit.

Property SizeContact for details
Lot Size0.04 Acres
Days on Market121

Property Features for 5345 Ballard Ave NW

General Information

Standard status Active
Lot size 0.04 Acres
Property subtype Retail, Multifamily, Office, Mixed Use
Occupancy 100%

Additional Details

Multifamily Units 1

Building Details

Stories 2
Construction masonry
Listing Agency: Marcus & Millichap - Seattle
Listed By: Brian Mayer · License #WA 108682
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 23 at 3:52PM

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 Marcus & Millichap - Seattle

Investment Insights

Based on property information with market context.

The property is a two-story masonry building with a daylight basement, situated on a 1,600 square foot lot. The ground floor and basement are occupied by Curtis Steiner Gallery and Space Oddity Vintage Furniture Gallery. The second floor features two studios and one one-bedroom apartment unit.

Located on Ballard Avenue in Seattle’s Historic Ballard neighborhood, the building is surrounded by restaurants, bars, and retailers. The property is currently 100% occupied.

With tenants on short lease terms, the building may be well suited to an owner-user. The existing rents are described as below-market, with the potential to be increased at lease renewal.

Key Highlights

  • Two‑story masonry building with a daylight basement on a 1,600 SF lot
  • Currently 100% occupied with Curtis Steiner Gallery and Space Oddity Vintage Furniture Gallery (ground floor and basement)
  • Second floor includes two studios and one 1‑bedroom apartment unit

Property Analytics

Current Use

Ballard Farmers Market Specialty Food Shop La Crespella Farmers' Market Ballard Seafood Fest Music Venue The Bangalore Kitchen Restaurant

Suggested Use

Top Pick Pet Grooming Service (Bike/Boat/Book/etc) Store Nursing Home HVAC Service Carpet & Flooring Store Bed & Breakfast

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

Lease Details

1
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

4,293
Businesses Nearby

Demographics for 98107, WA

28,557
Population
16,538
Households
1.7
Avg Household Size
35
Median Age
76%
College-Educated
99%
High-School Grad
2.2 sq mi
ZIP Area
12,980
Density / Sq Mi
$137,748
Median Household Income
$82,884
Median Earnings
$2,194
Median Rent
$924,900
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two-story masonry building with a daylight basement, fully occupied by retail galleries and residential studios and a one-bedroom unit.
Where is this mixed-use property located?
The property is located at 5345 Ballard Ave NW Seattle, WA.
What are key features of this property?
This property features: Two‑story masonry building with a daylight basement on a 1,600 SF lot; Currently 100% occupied with Curtis Steiner Gallery and Space Oddity Vintage Furniture Gallery (ground floor and basement); Second floor includes two studios and one 1‑bedroom apartment unit
More about this property
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