4607-4613 37th Ave SW
Retail | 4,500 SqFt
Marketing description
Lee & Associates, as exclusive advisor, is pleased to present 4607–4613 37th Ave SW, the opportunity to acquire a 4,500 SF auto-repair property at the entrance of the West Seattle Junction, one of Seattle's strongest long-term growth markets. Offered for sale for the first time in more than 40 years, the property consists of two parcels totaling 11,500 Land SF and is zoned NC3-75 (M), creating long-term flexibility for investors, owner-users, and developers alike. Positioned just off Fauntleroy Way SW, the site benefits from strong neighborhood fundamentals, walkability, and long-term redevelopment potential.
West Seattle has evolved into one of Seattle's most desirable residential neighborhoods, driven by strong demographics, a growing retail base, and long-term investment in transit and infrastructure. At the center of the neighborhood is the West Seattle Junction, a walkable urban village and neighborhood hub known for its mix of local retail, restaurants, services, and community amenities. New transit investment and long-term planning efforts are expected to further strengthen connectivity and support future growth in the area.
4607-4613 37th Ave SW offers the opportunity to develop a multifamily project, owner-occupy an auto repair shop, or convert the building to an alternative retail use at the entrance to the West Seattle Junction.
The property offers multiple paths to value creation. An owner-user can acquire the property and continue operating the existing use, while investors may view the opportunity as a covered land play through acquiring a 4,500 SF retail building below replacement cost with the flexibility to reposition to another retail use.
From a redevelopment standpoint, preliminary analysis supports approximately 80 multifamily units on a standalone development, with additional upside through a potential assemblage with neighboring parcels. Whether pursued as an operating property today or a longer-term development opportunity, 4607– 4613 37th Ave SW offers the opportunity to acquire a functional asset with meaningful land value in one of Seattle’s most established urban villages.
Investment highlights
- Prime location: Ideally located with close access to I-90, I-5, and Hwy 99, while also just 10 minutes from Downtown Seattle
- Located at the entrance to the West Seattle Junction and walking distance to the future West Seattle light-rail station, RapidRide stop, Trader Joes, Whole Foods, and Jefferson Square.
- Limited new housing: New Construction has been limited, with only 26% of housing units within a 1-mile radius built since 2010, and only 242 units starting construction since 2024 (0 in 2026), creating a compelling opportunity for new housing.
- Owner-user opportunity: 4,500 SF auto-repair facility with the operating business also available for sale, plus an additional 5,750 SF of yard area, creating an opportunity for an owner user to acquire both the real estate and business.
- Land SF 11,500 SF / .26 AC
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