Listed by Kidder Mathews Seattle, Kidder Mathews Bellevue
$4,000,000
4339 University Way
Details
Property Type Retail
Sub Type Storefront
Square Footage 7,978
Occupancy 57%
Tenancy Multi
Price per SqFt $501
Year Built 1910
Year Renovated 1980
Buildings 1
Stories 2
Lot Size (SqFt) 4,120
Mutli-Tenant Retail on "The Ave" | 7,978 SqFt
Marketing description
Kidder Mathews is pleased to present the opportunity to acquire 4339 University Way NE, a multi-tenant retail asset located on “The Ave” in Seattle’s University District, one of the city’s most dynamic and high-traffic urban corridors.
The offering is positioned in an irreplaceable core location serving dense residential neighborhoods and the University of Washington community. All existing tenants are on NNN leases providing a stable income stream with minimal landlord management. The site is zoned NC3P-65 which potentially allows for up to 6 stories of future development upside.
Investment highlights
- Located on “The Ave”, the U-Districts prime retail and pedestrian corridor
- Adjacent to the University of Washington campus, driving strong foot traffic
- Surrounding national credit tenants include Starbucks, Chipotle, and H-Mart
- Future vertical development upside – NC3P-65 zoning
Listing Contacts
Listed by Kidder Mathews Seattle, Kidder Mathews Bellevue
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