5422 Ballard Ave Seattle, WA 98107
- Refrigerated & Cold Storages
- 65,854 SF
Current Use by Public Records
- Refrigerated & Cold Storages
Property Details for 5422 Ballard Ave
- Year built
- 1941
- Property size
- 65,854 SF
- Property type
- Refrigerated & Cold Storages
- Property subtype
- Warehouses
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Seattle
- County
- King
- State
- Washington
- Longitude
- -122.386
- Latitude
- 47.6676
