REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Real Broker LLC Alexandru Motroc
$ 1,950,000
Est. payment | /mo
0.28 Acres Lot
$ 1,950,000
Est. payment | /mo
0.28 Acres Lot
Key Details
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Active
Purchase Type For Sale
Subdivision Broadview
MLS Listing ID 2469088
Style 60 - Comm Bldg Und 10K
Year Built 1969
Annual Tax Amount $12,379
Lot Size 0.284 Acres
Property Sub-Type Commercial Industrial
Property Description
Investor alert! Rare NC2P-55(M) zoned property on a 12,380 SF lot with long-term in-place income, recent capital improvements, and exceptional flexibility. NC2P-55(M) zoning on a parcel of this size in this location is extremely rare, offering long-term optionality for owner-users, investors, or future repositioning. The building offers approximately 2,800 SF per level across three levels. The upper floor includes seven private offices, four bathrooms, and two common areas, suitable for immediate use with light updating. The ground level has been fully opened with exposed electrical and plumbing as part of a prior conversion effort, providing a flexible blank canvas for a variety of commercial or mixed uses. The basement includes a kitchen and multiple rooms suitable for storage or other creative configurations. Notable improvements include a brand-new roof installed in 2020 and eight on-site parking spaces. The property has demonstrated rental history, with the main floor previously leased for $3,200/month in 2020. A significant value component is the long-term rooftop antenna lease with AT&T, generating $3,800/month with 18% rent increases every five years (next increase in 2027), 26 years remaining, and renewal options—providing stable income independent of building use. Zoning and general classification support a broad range of commercial, business, office, residential, and multi-family uses (buyer to verify).
Location
State WA
County King
Area 705 - Ballard/Greenlake
Interior
Fireplace false
Exterior
Exterior Feature Cement/Concrete
Roof Type Flat
Building
Sewer Sewer Connected
Water Public
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
"Three Trees" icon indicates a listing provided courtesy of NWMLS.