300 NE 45th St, Seattle, WA 98105

300 NE 45th Street is a well-maintained two-story commercial building totaling 7,555 rentable square feet, situated on a 0.13-acre parcel at the prominent corner of NE 45th Street and Latona Avenue NE in Seattle's Wallingford neighborhood. Built in 1986, the building includes a ground-level structured parking garage with ten off-street stalls — a genuinely rare feature for commercial property in this urban setting. The flexible floorplates are adaptable for a single owner-occupant or can be subdivided into multiple tenant suites. The property is delivered vacant, as the current furniture showroom tenant will vacate prior to closing.

NE 45th Street is Wallingford's primary commercial corridor — a walkable, high-foot-traffic thoroughfare lined with independent shops, beloved local restaurants, and everyday service businesses. With 27,000 vehicles passing the property daily and immediate proximity to I-5, the building offers both destination and drive-by visibility at a level most neighborhood commercial properties can't match. The adjacent street (Latona Ave NE) provides a quieter context for back-of-house operations while the 45th Street frontage commands maximum exposure.

The surrounding economy is exceptionally strong. The property sits within close reach of the Fremont Tech Hub (Google, Adobe, Getty Images, Tableau), the University of Washington, and University Village — a constellation of employment and retail demand generators that anchor this submarket's long-term vitality. Woodland Park Zoo and Gas Works Park further cement the neighborhood's appeal as a destination.

This asset offers a rare trifecta for a buyer: a proven location at a significant retail intersection, a building with genuine operational flexibility, and a delivery structure (vacant at close) that eliminates repositioning friction. For an owner-occupant, it represents the opportunity to control real estate in one of the city's most enduring neighborhood commercial corridors. For an investor, the NC3P-55(M) zoning and central Seattle location provide long-term optionality — including the potential for future mixed-use intensification as the neighborhood continues to densify.

Comparable buildings with structured parking in high-pedestrian Seattle neighborhoods have become increasingly scarce as new development continues to consume available land. This offering presents a compelling entry point into a submarket where replacement cost and land value support a strong long-term capital preservation thesis.