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Retail Space in Ballard Neighborhood
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5680 24th Ave NW, Seattle, WA 98107

Retail space in Seattle's Ballard neighborhood near popular attractions.

Space Size6,004 SF
Property Size8,743 SF
Days on Market830

Property Features for 5680 24th Ave NW

General Information

Standard status Active
Size 6,004 SF
Property subtype Retail

Building Details

Building Size 8,743 SF
Tenancy Multiple

Spaces For Lease

at 5680 24th Ave NW Contact us

Demised Suite 2

Size
6,004 SF
Type
Retail
Lease Type
NNN
Availability
Active
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Listing Agency: First Western Properties, Inc.
Listed By: Jake Thurber · License #138231
Source: Crexi
Added: May 14, 2024 Changed: Aug 8 Last Checked: Aug 19 at 9:12PM

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 First Western Properties, Inc.

Investment Insights

Based on property information with market context.

The Noma Building features commercial retail space beneath a 91-unit condominium building. It is situated in Seattle's Ballard neighborhood, an area known for blending urban offerings with residential tranquility. Ballard is characterized by historical charm, Scandinavian influences, and a vibrant commercial scene. The neighborhood preserves historic buildings, hosts cultural events, and fosters community engagement, contributing to its economic vitality and appeal to residents and tourists. The property is strategically located near the 'clocks' and Nordic Museum, which bring over 300,000 tourists to the neighborhood annually. It is also near Old Town Ballard, a city-wide draw, and Swedish Hospital Ballard.

Key Highlights

  • Located in Ballard, a desirable Seattle neighborhood known for its blend of urban offerings and residential tranquility.
  • 91‑unit condominium building over commercial retail space.
  • Proximity to the Ballard Locks and Nordic Museum, attracting over 300,000 tourists annually.

Property Analytics

Current Use

Retail space

Suggested Use

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

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

3,176
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

Lease Benchmarks for Seattle, WA

$30.66 /SF/Yr
Avg Asking Price
$12–$50 /SF/Yr
Price Range
9,692 SF
Avg Space Size

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
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Frequently Asked Questions

What type of property is this?
Retail space - Retail space in Seattle's Ballard neighborhood near popular attractions.
Where is this retail space located?
The property is located at 5680 24th Ave NW Seattle, WA.
What are key features of this property?
This property features: Located in Ballard, a desirable Seattle neighborhood known for its blend of urban offerings and residential tranquility.; 91‑unit condominium building over commercial retail space.; Proximity to the Ballard Locks and Nordic Museum, attracting over 300,000 tourists annually.
(425) 822-5522 Call to check price and availability
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