Listed by Kidder Mathews Seattle, Kidder Mathews Bellevue
$1,590,000
Delridge Way Building
Details
APN 935290-0950
Property Type Retail
Sub Type Storefront
Square Footage 6,360
Price per SqFt $250
Year Built 1930
Buildings 1
Stories 1
Lot Size (SqFt) 10,317
Zoning NC2P55(M)
Investment Type Owner/User
Owner-User or Redevelopment Opportunity
Investment highlights
- Versatile Owner-User Opportunity: Ideal for an owner-user looking to operate now and develop later, maximizing long-term value in a high-demand corridor.
- White Center Is A Growing Submarket: With Seattle’s vacancy rate hovering around 3%, demand from retail tenants and ownerusers is at an all-time high, driving long-term appreciation.
- Strong Street Exposure: Exceptional visibility, ensuring strong traffic exposure and accessibility with 13,000+ vehicles per day on Delridge Way.
- Seattle’s Expanding Job & Population Base:Projected 44% job growth over the next decade, coupled with a 2.8% unemployment rate (2024), signals increasing demand for commercial space.
- Flexible Development Potential: Zoned NC2P55 (M), allowing for commercial, multi-family, or mixed-use development. No parking requirement, allowing greater density and height potential.
- Proximity to Transit & Redevelopment: Just minutes from the West Seattle Bridge and major arterials, the location offers quick access to downtown Seattle. The property is also near multiple transit stops
Listing Contacts
Listed by Kidder Mathews Seattle, Kidder Mathews Bellevue
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