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    5680 24Th Ave Seattle, WA 98107

    Sponsored
    For Lease
    $22 SF/Yr ($16,028 /Mo)

    Prime Ballard retail, multiple spaces available

    Lot size:
    8,743 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional Seattle retail property, located at 5680 24th Ave NW in the vibrant Ballard neighborhood (zip code 98107), offers a total of 8,743 square feet of commercial space currently available for lease. The property is categorized as retail with office sub-type and features multiple tenancy options. Three individual spaces are immediately available, ranging in size from 2,563 square feet to the entire 8,743 square foot building. The building is situated in a thriving area known for its blend of contemporary urban amenities and residential tranquility. Ballard's historical charm, Scandinavian influences, and vibrant commercial scene attract both residents and tourists. The strategic location near popular attractions like the "locks" and Nordic Museum (drawing over 300,000 annual tourists), Old Town Ballard, and Swedish Hospital Ballard ensures high visibility and foot traffic. This presents a unique opportunity for businesses seeking a prominent location within a well-established and desirable Seattle community. The property's size and flexible space options cater to a variety of commercial uses. This is an excellent opportunity to establish or expand your business in a high-demand area.

    Property Features for 5680 24Th Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,743 SF
    Total Rate
    16028.83

    Unit(s) available at that property

    Space
    Demised Suite 2
    Size
    6,180 SF
    Rate per SF
    $22
    Space
    Noma Building
    Size
    8,743 SF
    Rate per SF
    $24
    Space
    Demised Suite 1
    Size
    2,563 SF
    Rate per SF
    $34

    HighLights

    • Formerly Fitness 19.
    • Rare corner location in Ballard, offering excellent retail opportunity.
    • NNN lease rate: $4.44/SF (estimated 2024).
    • 11 parking stalls (9 dedicated + 2 handicap); monthly rate negotiable.
    • Strong tenant mix nearby, including QFC, Bartell Drugs, Edward Jones, and People's Bank.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.38751231302
    Latitude
    47.67017482809

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    FAQs

    What type of property is this?
    Retail property - Prime Ballard retail, multiple spaces available
    Where is this retail property located?
    The property is located at 5680 24Th Ave Seattle, WA.
    What is the lease rate?
    The lease rate is $22-$34 SF/Yr.
    What are key features of this property?
    This property features: Formerly Fitness 19.; Rare corner location in Ballard, offering excellent retail opportunity.; NNN lease rate: $4.44/SF (estimated 2024).
    Request Owner's contact information
    5680 24Th Ave Seattle, WA 98107
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    Seattle, WA 98107
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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
    5680 24Th Ave Seattle, WA 98107
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