• Listing status icon

    $10,100,000

  • Pending Feasibility | MLS#: 1167069
  • 0.65Acre

2417 NW Market St Seattle, WA 98107

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Overview

Prime 0.65 Acre development site in the heart of Ballard w/ incredible views of Salmon Bay. The 28,334 SF lot is zoned NC3P-65 w/ approx. 224 FT of frontage on NW Market St. The 21,060 SF warehouse/retail/office building is occupied by 5 tenants w/ demolition clauses in the leases. Truly exceptional location just 5 miles northwest of downtown Seattle & within the Ballard Hub Urban Village & Frequent Transit Corridor overlays. 4.75 FAR = potential to build up to a 134,587 SF mixed-use building.

Listing provided courtesy of: Windermere R.E. Wall St. Inc.

General Features

  • County King
  • Zoning Class Commercial, Multi-Family, Office, Residential, Retail
  • Zoning Jurisdiction City
  • Style 61-Comm Bldg Ovr 10K
  • Approx Building SqFt 21,060
  • Approx Whse/Mfg SqFt 10,530
  • Approx Office SqFt 10,530
  • Total Uncovered Parking 25
  • Total Covered Parking 1
  • Lot Dimensions 229 x 124

Building Features

  • Exterior Cement/Concrete
  • Foundation Poured Concrete
  • Roof Flat
  • Floor Covering Ceramic Tile, Vinyl, Wall-to-Wall Carpet
  • Heating and Cooling Baseboard
  • Ceiling Height 12-14
  • Loading 4-6 Bays

Property Features

  • Lot Square Footage 28,334
  • Depth of Lot 170
  • Site Frontage 224
  • Expansion Area Y
  • Environment Survey Y
  • Water-Sewer-Garbage 3089
  • Sewer Sewer Connected
  • Sewer Company Seattle Public Utilities
  • Energy Source Electric
  • Power Company Seattle Public Utilities

Financials

  • Free and Clear Y
  • Total SqFt Rented 21,060
  • Total Monthly Rent $13,400
  • Cap Rate -NOI div LP 1.00
  • Gross Adjusted Income $160,800
  • Total Expenses $64,955
  • NOI $95,845
  • Tax Expense $54,601
  • Insurance Expense $4,107
  • Other Expenses $3,158
  • Tax Year 2017

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Price & Status History

Days on Market

  • This property has been listed on the market for 144 days

Location

The property map location is: Accurate, based on Google's address match.

Home Valuation

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Community Demographics for Zip Code 98107 (Seattle)

Housing Occupancy
  • Home Owners: 5,466 (37%)
  • Renters: 7,705 (52%)
  • Vacant: 1,665 (11%)
  • Total Housing Units: 14,836
Households
  • Average Household Size: 1.84
  • Housing Density (People per square mile): 11,162
Age Range (number of people)
  • Age 0-14: 3,520
  • Age 15-24: 1,676
  • Age 25-39: 3,101
  • Age 40-59: 9,012
  • Age 60-79: 5,833
  • Age 80+: 1,415
  • Total: 24,557

* All numbers in this section are 2016 projections provided by Geolytics Inc

School Information for 98107 (Seattle)

Public Schools in Zip Code 98107 (Seattle)

* This list of schools may not match the property above.

ADAMS ELEMENTARY SCHOOL 6110 28 AV NW SEATTLE, WA 98107 Phone: 2062521300 K-5th
Grade Size Distribution
  • Knd: 99
  • 1st: 76
  • 2nd: 69
  • 3rd: 44
  • 4th: 66
  • 5th: 56
School Population
  • Teachers: 19
  • Students per Teacher: 21.6
  • Students: 410
  • Male/Female: 200/210
School District
  • SEATTLE PUBLIC SCHOOLS
  • 2445 3RD AVE SOUTH SEATTLE, WA 98124
  • Phone: 2062520100
District Population
  • Schools: 106
  • Full-Time Teachers: 2540
  • Students per Teacher: 18.1
  • Staff: 4918
  • Students: 45968
WEST WOODLAND ELEMENTARY SCHOOL 5601 4 AV NW SEATTLE, WA 98107 Phone: 2062521600 K-5th
Grade Size Distribution
  • Knd: 98
  • 1st: 73
  • 2nd: 71
  • 3rd: 71
  • 4th: 61
  • 5th: 62
School Population
  • Teachers: 20
  • Students per Teacher: 21.8
  • Students: 436
  • Male/Female: 224/212
School District
  • SEATTLE PUBLIC SCHOOLS
  • 2445 3RD AVE SOUTH SEATTLE, WA 98124
  • Phone: 2062520100
District Population
  • Schools: 106
  • Full-Time Teachers: 2540
  • Students per Teacher: 18.1
  • Staff: 4918
  • Students: 45968

Private Schools in Zip Code 98107 (Seattle)

* This list of schools may not match the property above.

PACIFIC CREST SCHOOL 600 N W BRIGHT Seattle, WA 98107 Phone: 2067897889 PreK-8th
Grade Size Distribution
  • PreK: 50
  • Knd: 26
  • 1st: 21
  • 2nd: 14
  • 3rd: 21
  • 4th: 16
  • 5th: 11
  • 6th: 22
  • 7th: 22
  • 8th: 10
School Population
  • Teachers: 0
  • Students per Teacher: N/A
  • Students: 213
ST. ALPHONSUS SCHOOL 5816 15th Ave NW Seattle, WA 98107 Phone: 2067824363 PreK-8th
Grade Size Distribution
  • PreK: 20
  • Knd: 21
  • 1st: 22
  • 2nd: 17
  • 3rd: 12
  • 4th: 21
  • 5th: 20
  • 6th: 15
  • 7th: 24
  • 8th: 22
School Population
  • Teachers: 0
  • Students per Teacher: N/A
  • Students: 194

* School data provided by US Department of Education


This property search is part of the Berkshire Hathaway HomeServices Northwest Real Estate website. Listing information is courtesy of the WA-NWMLS and Berkshire Hathaway HomeServices Northwest Real Estate. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2017. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.
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* Rates and payment information listed in the mortgage calculator are provided as for general reference only. Specific mortgage information should be verified with a qualified lending professional