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Three-Story Mixed-Use Building
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8537 Greenwood Ave N, Seattle, WA 98103

Three-story mixed-use property with two vacant ground-floor suites, three apartment units, and fully occupied lower-level creative studios.

Property SizeContact for details
Days on Market123

Property Features for 8537 Greenwood Ave N

General Information

Standard status Active
Property subtype Mixed Use

Additional Details

Multifamily Units 3

Building Details

Stories 3
Tenancy Multi
Listing Agency: Northmarq - Seattle
Listed By: Sean Tufts · License #WA 74057
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 21 at 7:02PM

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 Northmarq - Seattle

Investment Insights

Based on property information with market context.

The offering provides a three-story mixed-use building with two ground-floor retail and office suites currently vacant, three upper-level apartment units, and a lower level that is fully occupied by creative artist studios. The ground floor retail/office space is available for one or multiple uses.

The property is located in the commercial core of Seattle’s Greenwood neighborhood. The building is described as being within a highly transit connected, walkable urban setting, with over 1,100 multifamily units either in development or pending city approval within walking distance. Zoning permits both residential and commercial uses, and the majority of surrounding land is zoned for vertical multifamily or commercial uses.

Key Highlights

  • Three‑story mixed‑use building with two ground‑floor vacant suites, three upper apartment units, and a fully occupied lower level of creative artist studios
  • Lower level is fully occupied by creative artist studios
  • Two ground‑floor retail/office suites are available for one or multiple uses

Property Analytics

Current Use

Savor Studio Training Center MOONRISE Studios Art Gallery Greenwood Collective Art Gallery Soapbox CMS Marketing & Advertising

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Travel Agency HVAC Service Nursing Home Cosmetic Store 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.

Lease Details

3
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,331
Businesses Nearby

Demographics for 98103, WA

53,056
Population
27,857
Households
1.9
Avg Household Size
35
Median Age
77%
College-Educated
98%
High-School Grad
4.6 sq mi
ZIP Area
11,534
Density / Sq Mi
$127,372
Median Household Income
$80,508
Median Earnings
$2,006
Median Rent
$1,012,900
Median Home Value

Market

Vacancy Rate% for Office in Seattle, WA

8.5% 2019
13.4% 2020
17.6% 2021
19.5% 2022
24.3% 2023
30% 2024
32.3% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Three-story mixed-use property with two vacant ground-floor suites, three apartment units, and fully occupied lower-level creative studios.
Where is this mixed-use property located?
The property is located at 8537 Greenwood Ave N Seattle, WA.
What are key features of this property?
This property features: Three‑story mixed‑use building with two ground‑floor vacant suites, three upper apartment units, and a fully occupied lower level of creative artist studios; Lower level is fully occupied by creative artist studios; Two ground‑floor retail/office suites are available for one or multiple uses
More about this property
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