1112 Martin Luther King Jr Way Seattle, WA 98122
This exceptional 11,158 square foot commercial lot is available for lease in Seattle's vibrant Central District. Situated on the corner of Martin Luther King Jr. Way and E. Spring Street, this property boasts a prime location with high visibility and accessibility. The lot benefits from a Walk Score of 88, indicating excellent pedestrian access and a thriving neighborhood. Adjacent to a Grocery Outlet, this location offers a natural draw for customers. Daily traffic counts on MLK Jr. Way exceed 8,100 vehicles, ensuring significant exposure for any business. The property is zoned NC2-55(M) and is currently vacant, with an existing building slated for demolition prior to lease commencement. Utilities are available on-site, including electricity, and a restroom is also provided. An optional approximately 300 square foot office trailer may be available upon request. The lot is completely fenced, offering security and defined boundaries. King County APN is 1189000469. This is a rare opportunity to secure a highly visible and well-located commercial lot in a rapidly developing area of Seattle. The property's size, location, and zoning make it suitable for a variety of retail or commercial uses. Don't miss this chance to establish your business in a thriving community.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.