5422 Ballard Ave Seattle, WA 98107

This exceptional industrial property in Seattle's vibrant Ballard neighborhood presents a unique investment opportunity. The offering encompasses two adjacent parcels totaling 32,550 square feet of land, featuring a 65,854-square-foot, two-story building at 5422 Shilshole Ave NW (APN 276770-2765) and a 4,650-square-foot parking lot at 5415 Ballard Ave NW (APN 276770-2725). The main building, constructed in 1941 and extensively renovated in 2020, boasts 7 loading docks, including 2 dock-high doors, a freight elevator shaft, and a fully sprinklered system. It features 3-phase 1200-amp power and over 300 feet of street frontage on Shilshole Ave NW. The property is zoned IG2 U/65, offering flexibility for various uses. The adjacent parking lot, zoned NC2P-65, provides additional space and 50 feet of frontage on Ballard Ave NW. This prime location, within blocks of the Salmon Bay waterfront and major landmarks, offers significant value-add potential in a highly desirable, rapidly developing submarket. The combined 2022 property taxes for both parcels totaled $75,696.81. This property is vacant and ready for immediate occupancy. The versatile zoning and prime location make this an ideal investment for a wide range of uses, including office, retail, residential, storage, and industrial applications.