305 NE 65th Street, Seattle, WA 98115
- $1,650,000
Listing Broker: Windermere Real Estate/M2, LLC; Nickolas Nicoloudakis; 425-319-3125; nnicoloudakis@windermere.com
- List Price
- $1,650,000
- Status
- ACTIVE
- MLS#
- 2356048
- Price Change
- ▼ $150,000 1770350973
- Days on Market
- 529
- Annual Tax Ammount
- 13406
Property Description
Rare investor/developer opportunity in Seattle’s highly desirable Green Lake neighborhood! This 3,250 sq ft commercial building sits on a 5,400 sq ft lot and is currently home to one retail business and three residential units, offering a unique combination of commercial and residential income. Recent rezoning allows development up to 40 feet in height, creating significant potential for future redevelopment, expansion, or repositioning. The property enjoys excellent visibility and strong traffic exposure, making it an attractive location for a business seeking a high-profile presence. Its convenient location near the Green Lake Park & Ride and Roosevelt Light Rail Station, along with nearby bus routes and I-5 access, provides excellent accessibility for customers, tenants, and employees. With existing income, prominent commercial visibility, convenient transit access, and increased development potential, this is a rare opportunity to acquire well-located commercial property in one of Seattle’s most established neighborhoods. An exceptional opportunity for an investor or developer looking to capitalize on the property’s current income and future potential.
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Additional Information
- Community
- Green Lake
- Building Condition
- Fair
- Style
- 60 - Comm Bldg Und 10K
- Year Built
- 1907
- Roof
- Built-Up, Composition
- Tax Year
- 2025
- Potential Terms
- Cash, Conventional
- Flooring
- Ceramic Tile, Hardwood, Vinyl, Carpet
- Driving Directions
- Grn Lk Wy, East on N 65th St. Bldg on right. From I-5 N, Ravenna Blvd exit. West on NE 65th. Bldg on left. From I-5 S, 71 St/65th St exit. East on 70th, South on 8th Av. West on NE 65th, Bldg on left.
- Energy Source
- Electric, Natural Gas
- Net Operating Income
- $81,931
- Cap Rate
- 4.6
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