7613 Greenwood AveSeattle, WA 98103

Property Details for 7613 Greenwood Ave

Year built

1928

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.11 AC

Property size (Sq ft)

4,752 SF

Zone code

NC2-55 (M)

Property type

Auto shops

APN

164650-0295

APU

1646500295

Description

This exceptional single-tenant property, located at 7613 Greenwood Ave N in Seattle, Washington, offers a unique blend of retail and warehouse space, totaling 4,752 square feet. Situated in King County, zip code 98103, this single-story building boasts a durable masonry construction and features upgraded systems, minimizing upfront tenant improvement costs. The property's intelligent design maximizes functionality. The front portion is ideally suited for retail operations, benefiting from high visibility and convenient street access. The rear of the building provides ample well-lit warehouse space, perfect for storage, light manufacturing, or distribution. This versatile layout caters to a wide range of businesses seeking a combined retail and warehouse solution. The property's location in Seattle offers excellent access to major transportation routes, ensuring efficient logistics and convenient commutes for employees and customers. This is a rare opportunity to acquire a well-maintained, adaptable property in a thriving Seattle neighborhood. The property is classified as Retail, Industrial, with subtypes including Flex, Warehouse, and Retail. Its single-tenant occupancy provides stability and ease of management. The building's upgraded systems ensure efficient operation and reduce ongoing maintenance expenses. This property presents a compelling investment opportunity for discerning buyers seeking a versatile and strategically located commercial space.

• CAP approach

  CAP return

  Valuation

  6%

  $1,884,216

  6.5%

  $1,739,276

  7%

  $1,615,042

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,640,092

  Geo Method

  $2,306,153

• Alternative Use

  Use

  Valuation

  Residential

  $1,467,145

  Hospitality

  $1,343,897

  Educational

  $1,118,106

  Medical

  $1,156,560

  Retail

  $1,739,276

Location Insight

City

Seattle

County

King

State

Washington

Latitude

47.6844

Longitude

-122.356

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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