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    3631 Interlake Ave Seattle, WA 98103

    Sponsored
    For Sale
    $3,250,000

    9,042 SF Flex/Warehouse, Owner-User Opportunity

    Property size:
    9,042 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 9,042 square foot industrial property, located at 3631 Interlake Avenue N in Seattle, WA 98103, presents a compelling owner-user opportunity. The building, constructed in 1969, boasts a desirable flex space configuration, seamlessly blending warehouse and office areas. The asking price is $3,250,000, translating to $359.43 per square foot. Situated on a 0.19-acre lot (APN 803270-0205), the property features convenient access with one loading dock and one dock-high door. The building's 14.5-foot ceiling height provides ample vertical space for storage or various industrial uses. Currently, the space includes a mix of warehouse/storage tenants and office space, all under short-term leases, making it ideal for an owner-occupier seeking to customize the space to their specific needs. The building is a masonry structure and also includes one residential unit, which could be easily converted to additional office space. The property is zoned Neighborhood Commercial 2 (NC2-40 (M)), offering flexibility for a range of commercial uses. This prime Seattle location offers excellent accessibility and proximity to key transportation routes. This is a rare opportunity to acquire a well-located, versatile industrial property with significant upside potential.

    Property Features for 3631 Interlake Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    9,042 SF
    Lot Size
    8,276 SF

    Building Details

    Year Built
    1969

    HighLights

    • 9,042 SF industrial property in Seattle, WA, asking $3,250,000 ($359.43/SF).
    • Flex space configuration with warehouse and office areas.
    • 0.19‑acre lot with one loading dock and one dock‑high door.
    • 14.5‑foot ceiling height.
    • Currently leased to multiple tenants on short‑term leases, ideal for owner‑occupancy.
    • Includes one residential unit convertible to office space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Argosy Acoustics Acoustical Consultant

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.3413574171
    Latitude
    47.65171524129

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    FAQs

    What type of property is this?
    Distribution property - 9,042 SF Flex/Warehouse, Owner-User Opportunity
    Where is this distribution property located?
    The property is located at 3631 Interlake Ave Seattle, WA.
    What is the asking price?
    The asking price for this property is $3,250,000.
    What are key features of this property?
    This property features: 9,042 SF industrial property in Seattle, WA, asking $3,250,000 ($359.43/SF).; Flex space configuration with warehouse and office areas.; 0.19-acre lot with one loading dock and one dock-high door.
    Request Owner's contact information
    3631 Interlake Ave Seattle, WA 98103
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    Seattle, WA 98103
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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
    3631 Interlake Ave Seattle, WA 98103
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