19550 Aurora AveShoreline, WA 98133

Property Details for 19550 Aurora Ave

Year built

1951

Construction

WOOD

Lot size

0.49 AC

Property size (Sq ft)

3,128 SF

Zone code

MB

Property type

Office buildings

APN

223250-0056

APU

2232500056

Description

This exceptional sublease opportunity presents 3,000 square feet of versatile commercial space at 19550 Aurora Avenue North in King County's CBA N. Seattle submarket. Located just three blocks south of Aurora Village, this prime location boasts high visibility on Aurora Avenue, a major thoroughfare with approximately 33,000 cars passing daily, and convenient access to I-5. The property, situated on a 1.32-acre lot, comprises two single-story buildings totaling 5,312 square feet, built in 1954 and renovated in 1990. The available space is ideally suited for a variety of uses, featuring a 1,500-square-foot top-floor showroom and a 1,500-square-foot downstairs office/workshop area. Seven designated parking spaces are available for tenants. The property is zoned MB and has two bathrooms. The current lease extends to October 31, 2026, with a five-year option to renew, extending the lease through 2031. High-impact signage opportunities are available on Aurora Avenue, ensuring maximum brand visibility. This is a rare chance to secure a well-located, adaptable space in a thriving commercial area. The property's APN is 2232500056.

• CAP approach

  CAP return

  Valuation

  6%

  $843,730

  6.5%

  $778,828

  7%

  $723,198

• Comparable approach

  Method

  Valuation

  Relative Method

  $950,828

  Geo Method

  $602,390

• Alternative Use

  Use

  Valuation

  Residential

  $965,747

  Hospitality

  $884,619

  Educational

  $735,993

  Medical

  $761,304

  Retail

  $1,144,877

Location Insight

City

Shoreline

County

King

State

Washington

Latitude

47.772

Longitude

-122.345

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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