6348 6th Ave S, Seattle, WA 98108

Building Details

Year Built

1985

Listing office NAI PUGET SOUND PROPERTIES k***@nai-psp.com Show Phone

Listing date Nov 19, 2025

Source Corcoran

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

This property presents a rare value-add investment opportunity in Seattle's Georgetown industrial market. The current rents are $1.12 per square foot, which is significantly below the market rents of $1.40 to $1.50 for comparable spaces in the area, suggesting a potential for rental upside for investors. The list price of $1,900,000 is below the current tax assessed value of approximately $2,100,000. The price per square foot at the list price is $260, which is below the market price of $300 to $400 per square foot for similar-sized industrial buildings in the area. The property is situated in a sought-after location.

Suggested Use

Nail Salon Pharmacy Cosmetic Store Hair Salon Grocery & Convenience Store Pet Store Nursing Home Pet Store & Service Spa & Massage Center Dental Office

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Seattle

County

King

State

Washington

Longitude

-122.326

Latitude

47.5449

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FAQs

What type of property is this?

Industrial property - Rare value-add investment in Seattle's Georgetown industrial market.

Where is this industrial property located?

The property is located at 6348 6th Ave S Seattle, WA.

What is the asking price?

The asking price for this property is $1,900,000.

What are key features of this property?

This property features: Significant Rental Upside: Current rents are $1.12/sf, below market rents of $1.40-$1.50/sf.; Price Below Assessed Value: List price of $1,900,000 is $200K lower than the tax assessed value of ~$2,100,000.; Low Cost Basis: Price/sf of $260 is well below the market price/sf of $300-$400 for similar buildings.