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JRJeff ReynoldsCompass · Seattle

Listed by Nickolas Nicoloudakis, Windermere Real Estate/M2, LLC

Commercial Industrial
Type
1907
Year built
5,465 sq ft
Lot
549
Days on market

About this property

Rare investor/developer opportunity in Seattle’s highly desirable Green Lake neighborhood! This 4,140 sq ft commercial building sits on a 5,465 sq ft lot and is currently home to four retail businesses, providing multiple existing commercial uses and income potential. 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 businesses 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 commercial income, four retail spaces, prominent 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. A compelling opportunity for an investor or developer looking to capitalize on the property’s current income and future potential.

Location & commute

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Directions

Jeff's Neighborhood Guide

Get to know Green Lake

Jeff's Green Lake profile covers the streets, shoreline, parks, markets, and local places that define the neighborhood, written from years of showing homes here. It is editorial, separate from the MLS listing data above.

Also nearby, within the same NWMLS search area.

Property details

Listing details

Listing number
#2356047
Listed
April 10, 2025
Days on market
549
Original list price
$2,000,000

Construction

Year built
1907
Style
60 - Comm Bldg Und 10K
Structure
Unspecified
Roof
Built-UpFlat

Heating & cooling

Energy source
ElectricNatural Gas

Flooring

Flooring
Ceramic TileConcreteHardwoodVinyl

Lot

Lot size
5,465 sq ft

Terms

Terms offered
CashConventional

Utilities

Water
Seattle Public Utilities
Sewer
Seattle Public Utilities
Power
Seattle City Light

What stands out to you?

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  • Unspecified
  • Built-Up
  • Flat
  • Electric
  • Natural Gas
  • Ceramic Tile
  • Concrete
  • Hardwood
  • Vinyl
  • Cash
  • Conventional

Listing history

  1. Listed

    $2,000,000

    April 10, 2025

  2. Current price

    $1,850,000

Derived from current MLS listing fields. Full multi-cycle status history is on the roadmap.

Payment estimate

An estimate to help you plan, not a loan offer or financial advice.

Est. monthly

$10,773

Principal & interest
$9,355
Property tax (est.)
$1,418

Assumes $370,000 down (20%), a $1,480,000 loan at 6.5% over 30 years. Property tax is an estimated figure, not MLS data (verify with the county assessor). Excludes insurance, PMI, and closing costs. Not a commitment to lend or financial advice.

Similar nearby listings

Based on information submitted to the MLS GRID as of October 12, 2026 at 3:30 AM PDT. 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.