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Listing Firm: City Brokers Real Estate LLC: Justin Parks

Bought With: ZNonMember-Office-MLS : Non Member ZDefault

SOLD On May 5, 2021
NWMLS # 1644819

$1,800,000

  • Sold Price
  • - Beds
  • - Baths
  • - Sq.ft.

5440 Leary Avenue NW #C-1, Seattle, WA 98107

Listings with the three tree icon are courtesy of NWMLS

About This Property

New Price!! Great NNN Opportunity in Downtown Ballard! Modern commercial condo in newer (2007) building. Corner retail site with 2 street frontage! Solid single tenant user with more than 6 years remaining on lease; up to 10 year extension. Property includes 10 dedicated parking spaces. Net Operating Income currently $89,469/year (4.84 Cap Rate); increases to approximately $114,669/year in June of 2022.

Buyer's Agent: Non Member ZDefault • ZNonMember-Office-MLS

Listed by: Justin Parks • City Brokers Real Estate LLC

Aris360 Last Checked: 1 Minute Ago (Jun 08, 2025 03:30 AM)

  • Source: NWMLS as Distributed by MLS Grid #1644819

    Listing provided courtesy of Northwest Multiple Listing Service (NWMLS)

Location

  • Country: US
  • Neighborhood: Leary
  • Zip/Postal Code: 98107
  • City: Seattle

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Property Features

  • County
    • Ballard
  • Community
    • _705BallardGreenlak
  • MLS Area
    • _705BallardGreenlak
  • Longitude
    • -122.382973
  • Latitude
    • 47.66766
  • Directions
    • From I-5 head west on 45th St. Will turn into NW Market St. Continue to Leary Ave NW. Turn left. Property will be one block down on left.

  • Interior
    • Heat Pump
    • Concrete
  • Floors
    • Concrete
  • Power Production Type
    • Electric
  • Furnished
    • Unfurnished

  • Style
    • 75 - Retail
  • Parking Spaces
    • 10
  • Elevation
    • Feet
  • Exterior
    • Brick
    • Wood Products
  • Roof
    • Torch Down,
  • Septic or Sewer
    • Available,
  • Covered Spaces
    • 10
  • Condition
    • Good,
  • Water
    • Seattle
  • Utilities
    • Electric,

  • Possession
    • Tenant's Rights,
  • Association Fee
    • 1129
  • Property Type
    • Commercial Sale
  • Association Fee Frequency
    • Not Specified
  • Property SubType
    • Commercial Industrial
  • Tax Year
    • 2020
  • Structure Type
    • Other,
  • Tax Amount
    • $16357
  • Year Built
    • 2007
  • Effective Year Built
    • 2007
  • Status
    • Sold

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Disclaimer: Based on information submitted to the MLS GRID as of Sun Jun 08 2025 . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Jun 08, 2025 03:30 AM