About this home

AMAZING PRICE REDUCTION! This ground-floor commercial condo is just 2 blocks from Greenlake in a thriving commercial district. Lovely finish work throughout, designed as a series of medical/therapy rooms, with a conference room, an ADA bath, a kitchen, and a private office with storage area. It is fully leased by a single tenant through April 2028, with a 5.25% CAP - even at the current below-market rental rate. Current tenant pays no NNN, and if option to extend is exercised, monthly rate can be increased substantially to reflect gross market rates (anticipate leap to CAP of 8%). Two designated covered parking spaces adjoin the space, and another parking space inside the secure underground parking garage is included in the title (elevator access to ground floor). Close to the new Swedish Medical Center at Greenlake, buses and I5.

Property details

Heating: Forced Air

Costs

Annual taxes: $7,117 (2025)
HOA dues: $902 / monthly

Estimate your monthly payment

$5,920/mo

Principal & interest: $4,424
Property taxes: $593
HOA dues: $902

Down payment (20%) $175,000 Interest rate (%) Loan term (years)

Loan amount $700,000

Estimate only — excludes homeowner's insurance and PMI. Rates shown are not a quote. Talk to us to connect with a lender.

Location

Seattle, WA 98115

Approximate location. Contact us to confirm the exact address.

Listing courtesy of Windermere Real Estate Co.— Janet Irons.Listing data courtesy of the Northwest Multiple Listing Service (NWMLS). Information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.

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