4350 Leary Way Seattle, WA 98107

This exceptional Seattle retail investment opportunity presents a compelling value-add proposition. Located at 4350 Leary Way NW in the vibrant Frelard neighborhood, between Fremont and Ballard, this property encompasses 10,123 square feet across four buildings situated on a 14,960 square foot lot. Built in 1928, the property currently generates a strong net operating income (NOI) of $213,456, yielding an attractive 7.12% capitalization rate. The asking price is $3,000,000. The property is zoned U/45, offering significant potential for future redevelopment and expansion. Currently housing a mix of established local businesses, this multi-tenant storefront presents a unique blend of immediate cash flow and long-term development upside. The property's location within a high-demographic area, coupled with its substantial lot size, makes it an ideal investment for those seeking a path of progress in a rapidly developing Seattle neighborhood. This is a rare Ballard investment opportunity with seller financing available. The property is not subject to a ground lease.