Listed by Kidder Mathews Seattle, Kidder Mathews Bellevue
$1,115,400
Market Street Building
Details
Property Type Retail
Sub Type Restaurant, Bar
Square Footage 2,821
Net Rentable (SqFt) 1,859
Year Built 1907
Lot Size (SqFt) 2,902
Zoning MIO65NC395
Investment Type Owner/User
Ground Lease No
Owner-User Opportunity in the Heart of Ballard.
Marketing description
- Attractive Owner-User Opportunity: The property is currently leased on a month-to-month basis, providing a rare opportunity for an owner-user to achieve near-term occupancy.
- Strong Visibility High-Traffic Retail Corridor: Located along NW Market St, the property benefits from approximately 18,000 vehicles per day, offering consistent drive-by exposure in one of Seattle’s most active retail corridors.
- Prime Ballard Location: Positioned in the heart of Ballard, the property offers immediate access to a dense, walkable neighborhood known for its vibrant mix of retail, dining, and residential uses.
- Established Retail Corridor Surrounded by National Tenancy: Within walking distance of major national retailers including Safeway, Walgreens, McDonald’s, Starbucks, O’Reilly Auto Parts, Les Schwab Tire Centers, and Mud Bay, reinforcing the strength and draw of the immediate trade area.
- Affluent, Educated, & Growing Demographics: Ballard is one of Seattle’s most desirable neighborhoods, featuring a median household income of approximately $202,956 (+4.7% year-over-year). The area is anchored by a highly educated and young demographic, with over 52% of residents between the ages of 25–44, supporting long-term retail demand.
- Exceptional Zoning Flexibility: The property is zoned MIO-65 / NC3-95, one of Seattle’s most flexible commercial designations, allowing for a wide range of uses including retail, restaurant, medical, and professional services, providing significant long-term repositioning potential.
Listing Contacts
Listed by Kidder Mathews Seattle, Kidder Mathews Bellevue
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