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Listed by:Paragon Real Estate Advisors • Brian D. Platt
$ 2,000,000
Est. payment | /mo
0.41 Acres Lot
$ 2,000,000
Est. payment | /mo
0.41 Acres Lot
Key Details
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Active
Purchase Type For Sale
Subdivision Northgate
MLS Listing ID 2570269
Style 70 - Industrial
Year Built 1987
Annual Tax Amount $18,324
Lot Size 0.410 Acres
Property Sub-Type Commercial Industrial
Property Description
The offering consists of two freestanding industrial buildings totaling 8,000 square feet (4,000 square feet each) on a 17,850 square foot lot zoned C1-75. Both buildings are of prefabricated metal construction with 18 foot clear heights and metal roofs, and are both occupied on separate net leases. The buildings were constructed in 1987. The site's C1-75 zoning carries a 75 foot height limit, giving a future owner optionality beyond the current industrial use. The two building configuration, secured entry gate, and separately metered utilities also make the property well suited to an owner/user who wants to occupy one building and hold income from the second. Twenty open surface parking stalls serve the site, which sits within easy access to public transportation and close to restaurants, grocery stores, and other North Seattle services. The Midvale Industrial Buildings represent a rare opportunity to acquire a large, high-rise-zoned parcel in a premier urban location with both current income and transformative redevelopment upside. The combination of scale, zoning, transit access, and visibility makes this offering well suited for investors, developers, or family offices seeking a strategic foothold in one of Seattle's oldest and most established neighborhoods.
Location
State WA
County King
Area 710 - North Seattle
Interior
Flooring Concrete
Fireplace false
Exterior
Exterior Feature Metal/Vinyl
Roof Type Composition
Building
Sewer Available
Water Public
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
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