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Corner Commercial Land
For Sale
$4,800,000

5505 24th Ave Nw, Seattle, WA 98144

Corner site with NC3P-75(M) zoning and mixed-use development potential.

Property SizeContact for details
Days on Market76

Property Features for 5505 24th Ave Nw

General Information

Standard status Active

Site & Location

Neighborhood Magnolia
Listing Agency: George W Johnson Realty
Listed By: Robert G. Johnson
Source: Exprealty
Added: Aug 12 Changed: Oct 26 Last Checked: Oct 24 at 7:56PM

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 George W Johnson Realty

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Investment Insights

Based on property information with market context.

This 10,667 SF corner parcel at 5505 24th Ave NW has minimal existing improvements and is zoned NC3P-75(M). The designation supports mixed-use development up to 75 feet, carries a 3.75 FAR, and provides roughly 40,001 buildable square feet. No minimum parking requirement is stated for the site.

The property is positioned between NW Market Street and NW 56th Street in Seattle’s Ballard area. Walk Score 95 and Bike Score 99 describe the surrounding neighborhood. A future Ballard Link light rail station is planned within half a mile, adding a documented transit element to the property’s location context.

Key Highlights

  • 10,667 SF corner site at 5505 24th Ave NW
  • NC3P‑75(M) zoning supports mixed‑use development up to 75 feet
  • 3.75 FAR with roughly 40,001 buildable square feet

Property Analytics

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Open Analytics

Current Use

Bro's Teriyaki Restaurant

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Carpet & Flooring Store Bed & Breakfast Nursing Home Barber Shop Tanning Salon

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

3,176
Businesses Nearby

Demographics for 98144, WA

32,178
Population
16,381
Households
2
Avg Household Size
38
Median Age
62%
College-Educated
91%
High-School Grad
3.4 sq mi
ZIP Area
9,464
Density / Sq Mi
$94,051
Median Household Income
$65,078
Median Earnings
$1,805
Median Rent
$890,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Seattle, WA

4.5% 2019
4.4% 2020
3.9% 2021
3.6% 2022
3.8% 2023
4.7% 2024
5.7% 2025

Frequently Asked Questions

What type of property is this?
Commercial land - Corner site with NC3P-75(M) zoning and mixed-use development potential.
Where is this commercial land located?
The property is located at 5505 24th Ave Nw Seattle, WA.
What is the asking price?
The asking price for this property is $4,800,000.
What are key features of this property?
This property features: 10,667 SF corner site at 5505 24th Ave NW; NC3P‑75(M) zoning supports mixed‑use development up to 75 feet; 3.75 FAR with roughly 40,001 buildable square feet
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