List Search

305 NE 45th St
Seattle, WA 98105 Wallingford

Price Upon Request

Storefront For Sale  •  3,864 SF

Property Details

  • Property Type Storefront
  • Total Building Size 3,864 SF
  • Lot Size 0.18 AC
  • Building Class C
  • Year Built 1937
  • Tenancy Single
  • Zoning NC3P-55 (M)
80 Transit Score
90 Walk Score

Highlights

Located in Seattle's prime Wallingford neighborhood less than one mile from the UW, and with more than 535,000 people residing within a 5-mile radius
NNN lease with minimal landlord responsibilities – Tenant pays all expenses and maintaining the property with the exception of the roof and structure
Short-term upside/Owner-user opportunity - Current lease ends at the end of June 2025 & market rates are much higher, or owner could occupy the space
Long-term, stable tenant – Frame Central, a framing and image printing retail chain, has occupied the space for more than 20 years
8 surface off-street parking spaces offers customers and employees on-site parking, and the potential to sublease to a food truck or other parking use
Pedestrian-oriented, walkable location on Wallingford’s primary retail corridor and boasting a walk score of 89, within a 10-min walk of 12+ buses

Financial Summary (Actual)

Net Operating Income: $106,420 USD (2023)

Amenities

  • Bus Line
  • Signage

Public Transportation

Commuter RailDriveWalkDistance
King Street (Seattle) Station (Sounder South Line - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder)) 9 min - 4.9 mi
AirportDriveWalkDistance
Seattle-Tacoma International 28 min - 18.0 mi
Seattle Paine Field International 30 min - 19.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 8
Type: Surface
Included in Rent: Yes