4321 University WaySeattle, WA 98105

Property Details for 4321 University Way

Year built

1919

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.09 AC

Property size (Sq ft)

10,320 SF

Zone code

NC3P-65

Property type

Retail space

APN

114200-0155

APU

1142000155

Description

This exceptional mixed-use property at 4321 University Way in King County offers a unique opportunity for retail businesses seeking a vibrant location. The building boasts a total of 10,320 square feet spread across three stories, providing ample space for a variety of uses. Currently, there is at least one space available, with a minimum divisible area of 3,800 square feet, allowing for flexibility in tenant requirements. The property's mixed-use designation opens up possibilities for businesses seeking a blend of retail and other compatible commercial activities. Its strategic location on University Way ensures high visibility and accessibility, placing it within a bustling commercial corridor. The building's three stories offer diverse layout options, catering to businesses with varying spatial needs. This is an excellent opportunity to establish a presence in a thriving King County market, benefiting from the high foot traffic and strong commercial activity characteristic of the area. The property's size and configuration make it suitable for a single large tenant or multiple smaller businesses. Interested parties are encouraged to inquire about available space and lease terms. This prime retail space won't last long.

• CAP approach

  CAP return

  Valuation

  6%

  $4,113,070

  6.5%

  $3,796,680

  7%

  $3,525,488

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,159,328

  Geo Method

  $5,008,312

• Alternative Use

  Use

  Valuation

  Residential

  $3,202,642

  Hospitality

  $2,933,602

  Educational

  $2,440,723

  Medical

  $2,524,663

  Retail

  $3,796,680

Location Insight

City

Seattle

County

King

State

Washington

Latitude

47.6605

Longitude

-122.313

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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