809 45Th StSeattle, WA 98105

Property Details for 809 45Th St

Year built

1930

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.81 AC

Property size (Sq ft)

46,059 SF

Zone code

SM-U 95-320 (M1)

Property type

Retail space

APN

409230-0005

APU

4092300005

Description

This exceptional 17,124 square foot retail space, located at 809 NE 45th St in Seattle, WA 98105, presents a unique opportunity for a single-tenant user. Previously occupied by Petco, the property offers a substantial, ready-to-occupy footprint ideal for a variety of retail concepts. The building's ample size allows for flexible layout configurations to suit diverse business needs. The property boasts 800 amps of power, ensuring sufficient electrical capacity for most retail operations. Situated in the vibrant Seattle market, this location benefits from excellent visibility and accessibility, providing strong potential for customer traffic and business growth. The property is completely vacant, offering immediate occupancy for a new tenant. This single-tenant space eliminates the complexities of multi-tenant management, providing a streamlined and efficient operational environment. The address, 809 NE 45th St, places the property within a dynamic commercial district of Seattle, offering convenient access to major transportation routes and a diverse customer base. This is a rare opportunity to secure a significant retail space in a prime Seattle location. The property's size and power capacity make it suitable for a wide range of retail businesses seeking a prominent presence in the Seattle market. Interested parties are encouraged to inquire for further details and to schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $18,357,124

  6.5%

  $16,945,038

  7%

  $15,734,677

• Comparable approach

  Method

  Valuation

  Relative Method

  $31,958,218

  Geo Method

  $22,352,506

• Alternative Use

  Use

  Valuation

  Residential

  $14,293,773

  Hospitality

  $13,093,019

  Educational

  $10,893,238

  Medical

  $11,267,873

  Retail

  $16,945,038

Location Insight

City

Seattle

County

King

State

Washington

Latitude

47.661

Longitude

-122.319

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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