Description
Well located retail building on the corner of 63rd and 24th in the heart of the quickly growing Ballard neighborhood. The property consists of well known retail tenants including Olafs bar, Rupee Bar, Primal Screenings, and Contrology Pilates Studio. Olafs bar recently expanded their footprint at the building in 2019. The property presents a current 5.2% cap rate with further upside on the below market rents. The property is situated on a 5,000 square foot corner lot zoned NC1-55 (M) presenting an owner with future redevelopment potential. The Ballard retail center offers an investor the opportunity to own a pride of ownership building in an A+ Ballard location
-
0BEDS
-
0.11ACRES
-
0BATHS
-
01/2 BATHS
School Ratings & Info
Listing Courtesy of Paragon Real Estate Advisors.Description
Well located retail building on the corner of 63rd and 24th in the heart of the quickly growing Ballard neighborhood. The property consists of well known retail tenants including Olafs bar, Rupee Bar, Primal Screenings, and Contrology Pilates Studio. Olafs bar recently expanded their footprint at the building in 2019. The property presents a current 5.2% cap rate with further upside on the below market rents. The property is situated on a 5,000 square foot corner lot zoned NC1-55 (M) presenting an owner with future redevelopment potential. The Ballard retail center offers an investor the opportunity to own a pride of ownership building in an A+ Ballard location
The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than M4 Group | Columbia Partners Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-03-04T16:14:48.827.