Property summary
This exceptional commercial property, located at 5042-5048 Roosevelt Way NE in Seattle's vibrant University District, offers two available office spaces totaling 4,231 square feet within a single-story building. Built in 1937 and renovated in 1999, this Class C property sits on a 0.15-acre lot and boasts a blend of traditional and creative office space layouts, perfect for a variety of businesses. The building features multiple tenancies, providing flexibility for different business needs. The larger suite offers approximately 2,911 square feet, while a smaller option of 1,305 square feet is also available. The University District's dynamic atmosphere, proximity to the University of Washington, and excellent transportation options make this location highly desirable. This property presents a unique opportunity to establish a presence in a thriving, diverse community with a strong mix of educational, cultural, and commercial activity. The building's 1999 renovation ensures modern functionality within a historically significant structure. The property's location within the North Seattle submarket offers easy access to a wide range of amenities and a highly skilled workforce. This is an ideal opportunity for businesses seeking a well-maintained, versatile office space in a prime University District location.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The intent of this district is to promote neighborhood commercial activities, to support or encourage a pedestrian-oriented shopping area that provides a full range of household and personal goods and services, including…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
NC2-40 · Seattle, WAThe intent of this district is to promote neighborhood commercial activities, to support or encourage a pedestrian-oriented shopping area that provides a full range of household and personal goods and services, including…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The intent of this district is to promote neighborhood commercial activities, to support or encourage a pedestrian-oriented shopping area that provides a full range of household and personal goods and services, including…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for NC2-40 in Seattle, WA.
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