Listing provided courtesy of Windermere Real Estate Midtown - MLS# NWM2202633MLS Provider

5422 Shilshole Avenue NWSeattle, WA 98107

Commercial · 0.75 Acres

$18,250,000 Active

Overview

Time on Site:
39 days
Visits:
2

65,000+ SF building in the heart of Ballard zoned MML U/65 plus a 4,650 SF parking lot across the alley at 5415 Ballard Ave NW zoned NC2P-65. The building was built in 1941 as a hardware store, then converted to a 600-unit mini-storage facility and it's currently used for general warehousing. Fully sprinklered, new 60-mil PVC roof installed in 2023, 20' ceilings on first floor, grade-level and dock-high loading doors, tons of power with a transformer vault on-site, over 300ft of frontage on Shilshole and over 50ft of frontage on Ballard Ave NW. Incredible opportunity for an owner-user or investor to acquire nearly an entire city block in the center of Ballard. Seller Financing offered for well-qualified buyers.

View Map

Facts & Features

  • Type Commercial
  • Lot 0.75 Acres

General

Association/HOA
  • Association Fee: $0.00
Income/Expenses
  • Other Expense: 0
  • Electric Expense: 0
  • Fuel Expense: 0
  • Total Expenses: 96280
Building Information
  • Year Built: 1941
Location/Region
  • Country: US
  • County Or Parish: King
  • MLS Area Major: 705 - Ballard/Greenlake
  • Subdivision Name: Ballard
Tax Information
  • Tax Annual Amount: $96,280.00
  • Tax Year: 2024
General Information
  • Buyers Agent Compensation: 2.5
  • Parcel Number: 2767702765
  • Possible Use: Commercial,Industrial,Industrial,Office,Retail
  • Property Condition: Average
  • Property Sub Type: Commercial Industrial
  • Property Type: Commercial Sale
  • Senior Community: No
  • Special Listing Conditions: None
  • Zoning Class: Commercial,Industrial,Industrial-Light,Office,Retail

Interior

Building Interior
  • Approximate Building Square Feet: 65854
  • Building Area Total: 0
  • Building Area Units: Square Feet
  • Calculated Square Footage: 0
  • Ceiling Height: 10-20
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
General Information
  • Cooling: No
  • Fireplace: No
  • Flooring: Concrete, Hardwood
  • Foundation Details: Poured Concrete
  • Heating: No
  • Interior Features: Concrete, Hardwood
  • Living Area: 0
  • Living Area Units: Square Feet
  • Power Production Type: Electric,Natural Gas

Exterior

Parking Information
  • Open Parking: No
  • Parking Total: 24
  • Parking Uncovered Total: 14
Lot Information
  • Irrigation Water Rights: No
  • Lot Size Acres: 0.7472
  • Lot Size Square Feet: 32550
  • Lot Size Units: Square Feet
  • Topography: Level, Sloped
  • Elevation Units: Feet
  • Water Source: Public
Building Exterior/Construction
  • Roof: Flat
  • Structure Type: Unspecified
General Information
  • Carport: No
  • Covered Spaces: 10
  • Exterior Features: Metal/Vinyl
  • Number Of Units Total: 0
  • Sewer: Sewer Connected

Neighborhood

Community

98107 (Seattle) Demographics
34
Median Age
11,325
Population Density (per sq. mile)
80%
College Educated
$102,436
Estimated Median Income
5,772
Estimated Total Home Owners
9,074
Estimated Total Renters
39% / 61%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

Elementary Schools
4
Public
Adams Elementary School
  • Grades: KG - 5
  • Enrollment: 498
5
Public
West Woodland Elementary School
  • Grades: KG - 5
  • Enrollment: 538
Middle Schools
High Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

Monthly Cost

$
$ %
%
$
$
* Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

Market Data

Based on the last 30 days in this zip code

$811,557
Median Sales Price
$607
Median Price per Square Foot
286
Properties Sold
34
New on Market
36
Average Days on Market
62
Properties for Sale
Calculations provided by Reliance Network

History

Date Event Value Agent
3/4/2024Source: NWMLS Added to Database
March 04, 2024
8/4/2022Source: NWMLS Added to Database
June 01, 2021