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Specialty properties

1112 Martin Luther King Jr Way Seattle, WA 98122

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Property summary
AI-generated overview

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.

Property profile
Verified
Property type Specialty properties
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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