5903 24th Avenue NW Seattle, WA $ 1,760,000
5903 24th Avenue NW
$ 1,760,000
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5903 24th Avenue NW

Seattle, WA, 98107
$ 1,760,000
Baths0.0

Monthly Estimate*

$ 11,698

Listed by Real Property Associates
5903 24th Avenue NW, Seattle, WA 98107 - Image 1
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Studio

Commercial Property for sale in Seattle, WA

for $1,760,000. This building was built in 1913 on a lot size of 0.1148.

Rare opportunity to own a fully leased set of retail shops in a popular close-in Ballard neighborhood. Market rents reflect a 6+ cap with four established tenants, including Tall Grass Bakery, Sparkle Cleaners, The Stepping Stone (pub), and One Stop Smoke. Rarely vacant and highly walkable, just a few blocks north of Market and close to QFC, library, parks. Well maintained and ready for a new owner to write another chapter in its history.

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Commercial Pending

Price

$ 1,760,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 19,028

Style

Comm Bldg Und 10K

Lot Size

0.1148

Year Built

1913

Town/City

Seattle

County/Region

King

MLS | Web ID

2209622

Features
General
Interior Features Concrete
Sewer Sewer Connected
Heating Forced Air
Cooling Central A/C
Possession Closing
Roof Flat Torch Down
Exterior Features Brick
HOA 0
Year Built 1913
Topography Level
Property SubType Commercial Industrial
Tax Year 2024
County King
Net Operating Income 110660
Insurance Expense 2435
Property Type Commercial Sale
HOA / Comm Assn N
Subdivision Name Ballard
Possible Use Commercial Multi-Family Residential
Building Features Sprinklered
Special Listing Conditions None
Status Pending Feasibility
Directions West on Market street North/right on 24th on westside of street across from Ballard Escrow.
City Seattle
Buyer Agent Compensation 2.5
Senior Community Y/N N
NumberOfUnitsTotal 5
MLS Area 705 - Ballard/Greenlake
Lot Size Units Square Feet
Lot Size Square Feet 5000
Carport Y/N N
Listing Terms Cash Out Conventional
Tax Annual Amount 19028
Electric Expense 0
Fuel Expense 0
Public Remarks Rare opportunity to own a fully leased set of retail shops in a popular close-in Ballard neighborhood. Market rents reflect a 6+ cap with four established tenants including Tall Grass Bakery Sparkle
Structure Type Unspecified
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Pending
Water Company Seattle Public Utilities
Total Actual Rent 12273
Zoning Class Commercial Multi-Family Residential
Water Sewer Garbage 5144
Property Style 60 - Comm Bldg Und 10K
Cap Rate 6.29
AFH 224
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Interior
Flooring Concrete
Total Fireplaces 0
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Bedrooms Possible 0
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Exterior
Water Source Public
Total Parking 0
Foundation Details Poured Concrete
Building Area Total 0
Lot Size Acres 0.1148
Covered Spaces 0
Open Parking Y/N N
Irrigation Water Rights Y/N N
Parking Uncovered Total 0
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Internal Only
OriginalMLSID NWM2209622
Street Number 1 5903
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* Excluded Features
List By
Eric Nissen

Listing Agent

Real Property Associates

Broker

Affordability Calculator

$13,283
Per Month
88%
12%
0%
Monthly Principal & Interest
$11,698
Monthly Property Taxes
$1,586
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
258624 Elementary School
258775 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/1/2024$1,760,000 Listed Price

Map


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5903 24th Avenue NW, Seattle, WA, 98107 is a Commercial Property for sale at $1,760,000 with a lot size of 0.1148. 5903 24th Avenue NW is a studio with 0.0 baths and was built in 1913. The property's zip code is 98107 which is in Seattle, WA