5422 Shilshole Ave NW, Seattle, WA 98107
For Sale
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This exceptional commercial property presents a rare opportunity to acquire nearly an entire city block in the heart of Seattle's vibrant Ballard neighborhood. The main building, located at 5422 Shilshole Avenue NW, boasts over 65,000 square feet of space. Originally constructed in 1941 as a hardware store, it was later converted into a 600-unit mini-storage facility and is currently utilized for general warehousing. The property features a substantial 20-foot ceiling height on the first floor, providing ample vertical space for various uses. Convenient grade-level and dock-high loading doors ensure efficient loading and unloading operations. The building is equipped with a comprehensive sprinkler system for enhanced safety and features a newly installed 60-mil PVC roof (2023), ensuring long-term durability. Significant power capacity is available, supported by an on-site transformer vault. The property also includes a 4,650 square foot parking lot situated across the alley at 5415 Ballard Ave NW, zoned NC2P-65, adding further value and utility. With over 300 feet of frontage on Shilshole Avenue NW and over 50 feet of frontage on Ballard Avenue NW, this property offers unparalleled visibility and accessibility. The property is zoned MML U/65, providing flexibility for a wide range of commercial uses. This is an incredible opportunity for an owner-user or investor seeking a substantial presence in a high-demand area. Seller financing is available for qualified buyers. The 0.75-acre lot size provides ample space for expansion or future development.
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Ponsistic Towing´s CO Auto Parts Store
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Magnum Self Storage Moving Company
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
IG2 U/65 · Seattle, WASeattle. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.