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50th Street Plaza

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50th Street Plaza

101 NE 50th St, Seattle, WA 98105
Retail,Land For Sale Available Built 1987 1 floors Zoning: NC1-40(M)
Asking Price
$5,000,000
Total Building4,057 SF
Land15,246 SF land
Parking Total16
& Uncov.
ConstructionMasonry
MarketFremont/Ballard
CountyKing

Read Overview
Contact the Muljat Team about this listing.

Overview

Property ID
105612
Listing ID
709669
Type
Retail
Asset Class
Retail,Land
Zoning
NC1-40(M)

Description

Prime Legacy Asset OpportunityLinc Properties is pleased to present the rare opportunity to acquire a legacy corner asset located prominently at the nexus of two of Seattle’s most desirable neighborhoods. 50th Street Plaza, offered for sale for the first time in 30 years, has operated as a successful retail and gas station since 1965. 7/11 constructed the current improvements in 1987 and has demonstrated the enduring strength of this location for nearly four decades. The existing 7-Eleven and Salon leases expire in June of 2030, providing stable near-term income while offering investors a defined value-creation horizon through potential lease renewal, re-tenanting, owner-user occupancy, or future redevelopment. The property is zoned NC-140 (M), allowing significant long-term multifamily/

Listing Courtesy of:

BL
Brian Leibsohn
Linc Properties
3015 241st Ave SE,
Sammamish, WA 98075
State: WA City: Seattle ZIP: 98105 Type: For Sale

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Disclaimer: The information contained in this listing has not been verified by Muljat Commercial and should be verified by the buyer.