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Listing Firm: Real Property Associates: Eric Nissen

Active
NWMLS # 2347969
  • - Beds
  • - Baths
  • - Sq.ft.

1471 NW 85th Street , Seattle, WA 98117

Listings with the three tree icon are courtesy of NWMLS

About This Property

Investment opportunity in Ballard! 8458 rentable sf in this mixed-use building. 3 units on street and 1 large residential apartment on 2nd floor. There are two long-term tenants in the retail spaces, and one 1500sf vacant unit (owner occupy?). The restaurant and upstairs tenant are month-to-month, the hookah lounge has a lease until 2028 with an option to extend. Being situated right next to Safeway at a busy intersection, this location gets lots of exposure and high foot-traffic! Rents are under market value, pro forma financials have been used for the vacant unit.

Aris360 Last Checked: 2 Minutes Ago (Jun 02, 2025 04:34 PM)

  • Source: NWMLS as Distributed by MLS Grid #2347969

    Listing provided courtesy of Northwest Multiple Listing Service (NWMLS)

Location

  • Country: US
  • Neighborhood: 85th
  • Zip/Postal Code: 98117
  • City: Seattle

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$3,847 per month
Principal & Interest
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Property Taxes

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Loan Detail

Interest Rate

According to icanbuy, the average interest rate for a 30-year fixed loan in 98102 is 7.009%. Compare current rates

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Property Features

  • County
    • Crown Hill
  • Community
    • 705 - Ballard/Greenlake
  • MLS Area
    • 705 - Ballard/Greenlake
  • Longitude
    • -122.375857
  • Latitude
    • 47.690448
  • Directions
    • From I-5, take Exit 172 for N 85th St. Keep left at the fork and follow signs for N 85th St. Turn left onto N 85th St and continue west for about 3 miles. The destination will be on your right.

  • Power Production Type
    • Electric

  • Style
    • 60 - Comm Bldg Und 10K
  • Foundation
    • Poured Concrete,
  • Topography
    • Level
  • Elevation
    • Feet
  • Water Source
    • Public,
  • Exterior
    • Cement/Concrete
  • Roof
    • Torch Down,
  • Septic or Sewer
    • Sewer Connected,
  • Condition
    • Good,
  • Water
    • Seattle Public Utilities
  • Building Total Area (Sq. Ft.)
    • 8113

  • Possession
    • Closing,
  • Property Type
    • Commercial Sale
  • Property SubType
    • Commercial Industrial
  • Tax Year
    • 2025
  • Structure Type
    • Land,
  • Tax Amount
    • $25743
  • Year Built
    • 1949
  • Effective Year Built
    • 1969
  • Status
    • Active

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Disclaimer: Based on information submitted to the MLS GRID as of Mon Jun 02 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 02, 2025 04:34 PM