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    8521 Roosevelt Way Seattle, WA 98115

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    For Sale
    $2,535,000

    Versatile commercial site in desirable North Seattle neighborhood.

    Lot size:
    0.23 Acres

    Property Features for 8521 Roosevelt Way

    General Information

    Lot size
    0.23 Acres

    Source: REAL PROPERTY ASSOCIATES Agent GRECIA THOMAS

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

    Overview

    Seattle Commercial Corner Site

    This versatile commercial corner site, totaling 10,015 square feet, presents a unique opportunity for repositioning or development in a desirable North Seattle neighborhood. The property includes a 4,944-square-foot commercial building suitable for retail, warehouse, or storage purposes, along with 5,000 square feet of secured and fenced parking. This site offers a value-add opportunity for owner-users and is suitable for restaurants, cafes, medical offices, and creative studios. The property is also well-positioned for future development, with zoning allowing for structures of up to 5 1/2 stories. An architect suggests the possibility of constructing a 50 to 60-unit mixed-use project with residential units above ground-floor commercial space, or 12 to 14 townhomes. The property is located across the street from Maple Leaf Park and features views of Seattle, Bellevue, and Lake Washington.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Blooma Tree Experts Tree Service

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.3178391
    Latitude
    47.6910856

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    FAQs

    What type of property is this?
    Retail space - Versatile commercial site in desirable North Seattle neighborhood.
    Where is this retail space located?
    The property is located at 8521 Roosevelt Way Seattle, WA.
    What is the asking price?
    The asking price for this property is $2,535,000.
    What are key features of this property?
    This property features: - Versatile 10,015 sf corner site in a desirable North Seattle neighborhood.; - High-density zoning allows for a 5 1/2 story mixed-use development or 12-14 townhomes.; - Existing 4,944 sf commercial building suitable for retail, warehouse, storage, restaurants, medical offices, or creative studios.
    (206) 523-0300
    Request Owner's contact information
    8521 Roosevelt Way Seattle, WA 98115
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    8521 Roosevelt Way
    Seattle, WA 98115
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8521 Roosevelt Way Seattle, WA 98115
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