5422 Ballard Ave NW Seattle, WA 98107

The Properties Are Located in Ballard, One of Seattle’s Most Highly Populated and Rapidly Developing Neighborhoods. This Property is Truly Unique in Its Setting Near Ballard’s Retail Row of High-end Niche Shops, Restaurants and Bars, as Well Seattle’s Ship Canal and the Ballard Locks. The Magnum Offering Presents Significant Value-add Potential in a Well-established, Proven Submarket. This Significantly Built-out Submarket Has Little Area to Expand and is a Desirable Industrial Market in the Region Due to Its Proximity to the Port of Seattle and Major Employment and Residential Centers. Residential Development in the Neighborhood is Located Generally Along Market Avenue Nw. While Historically an Industrial Area, Vicinity to Downtown Seattle and Rising Underlying Land Values Continues to Transition the Area to More Dense Developments. The Most Recent Developments Have Involved Mixed-use Projects With Apartments Above Street Level Retail Space. The Magnum Offering Includes Two Neighboring Properties, Separated by an Alley Way, on Two Separate Tax Parcels Totaling 32,550 Square Feet of Land. The Two-story 65,854 Sf Building Sits on a 27,900 Sf Piece of Land Zoned Ig2 U/65. Across the Alley There is a 4,650 Sf Parking Lot Zoned Nc2p- 65 Fronting Ballard Ave Nw. Positioned in the Center of Ballard’s Commercial District, Within Blocks of the Salmon Bay Waterfront and Several of Seattle’s Major Landmarks Including the Ballard Locks & Golden Gardens Park, This Offering is Well Suited for Numerous Potential End Uses, Including Office, Retail, Residential, Storage & Industrial.