For Sale $5,850,000
Property Type Mixed Use
Property Size 20,067 SF
Lot Size 0.23 Acre
Additional Rent Contact for pricing
# of Floors 2
Property Tenancy Multi-Tenant
Year Built 1927
Year Renovated 2023
Date Updated Jun 23, 2024

Ballard Market Street Add-Value for Sale

Pivot from redevelopment or consider this great value-add mixed-use Ballard building as a 1031 option. The Kress Building presents a chance to acquire a high-quality asset on Market Street, featuring a combination of retail, office, and creative spaces. all ideally suited for this particular submarket. The seller's ongoing improvements has exceeded $600k in the past year, encompassing the establishment of new retail space on Market Street, six micro loft office suites, plumbing and electrical enhancements, as well as the addition of new entrances on both northwest Market Street and northwest 56th Street. Notably, four new leases have been signed. This property grants investors the ability to self-manage while enjoying a stable income, with further potential for value appreciation through leasing the remaining vacancies and enhancing the aesthetic appeal of shared areas.

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Attachments

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Highlights

Heart of Ballard on NW Market Street at 56th

Contacts

Blake Taylor

West Coast Commercial Realty LLC

Location

Getting Around

Walk Score ®
97/100 Walker's Paradise
Transit Score ®
52/100 Good Transit
Bike Score ®
96/100 Biker's Paradise

Map
Street

City Seattle, WA
Neighborhood Ballard
Zip Code 98107
Market Seattle

Points of Interest

U District

3.39 miles
Northgate

3.56 miles
Fairview & Campus Drive

3.80 miles
Westlake & Mercer

3.80 miles
Westlake & Thomas

3.97 miles
Terry & Thomas

4.00 miles
University of Washington

4.04 miles
University of Washington

4.05 miles
Westlake & Denny

4.17 miles
Westlake & 7th

4.36 miles

Spirit Gas Station

0.10 miles
76

0.45 miles
Safeway Fuel Station

0.47 miles
Volta

0.51 miles
Dr. Dan's Biodiesel

0.81 miles
Shell

0.82 miles
Volta

0.90 miles
Magnolia 76

0.90 miles
Shell

0.93 miles
Shell

0.95 miles

The Commons at Ballard

0.04 miles
NOMA

0.06 miles
Public Library Parking Lot

0.09 miles
QFC Parking Lot

0.09 miles
Amli Mark 24 Residential Parking Lot

0.13 miles
Soren Apartments Retail Parking Lot

0.13 miles
St Luke's Parking Lot

0.13 miles
Soren Apartments Residential Parking Lot

0.14 miles
Merrill Gardens

0.14 miles
U-Park

0.16 miles

Ballard Inn

0.21 miles
Hotel Ballard

0.25 miles
9 Cranes Inn

1.35 miles
Park Plaza Motel

1.87 miles
Wallingford Inn

1.90 miles
Marco Polo Motel

1.98 miles
Staybridge Suites

2.06 miles
HotelHotel

2.08 miles
Everspring Inn

2.33 miles
Travelodge by Wyndham Seattle North of Downtown

2.47 miles

Bunsoy

0.04 miles
Sushi I

0.04 miles
Secret Savory

0.04 miles
India Bistro

0.05 miles
Ann's Teriyaki Restaurant

0.05 miles
Crackle Mi

0.05 miles
Pestle Rock

0.05 miles
Ballard Smokeshop Restaurant & Lounge

0.05 miles
Sam's Sushi

0.06 miles
La Carta de Oaxaca

0.06 miles

Adams Elementary School

0.40 miles
Matheia School

0.58 miles
Salmon Bay School

0.64 miles
Ballard High School

0.71 miles
Webster School

0.77 miles
Lawton Elementary School

0.88 miles
West Woodland Elementary School

1.08 miles
Pacific Crest

1.16 miles
Loyal Heights Elementary School

1.17 miles
Whittier Elementary School

1.20 miles

Saint Alphonsus Preschool

0.51 miles
Zoom Language Center

0.67 miles
Wee Learners Preschool

0.72 miles
Lighthouse Montessori School

0.74 miles
Woodland Hall Preschool

1.03 miles
Kids Inc

1.10 miles
Agape Infant Through Preschool Center

1.18 miles
Agape Childcare Center

1.20 miles
North Seattle Fives Preschool

1.45 miles
Early Learning and Development Center

1.55 miles

Frequently Asked Questions

How much does Kress Building For Sale cost?

The space currently listed for sale at Kress Building For Sale asks for $5,850,000.

What is the total square footage of Kress Building For Sale?

Kress Building For Sale totals 20,067 square feet.

When was this property built?

Kress Building For Sale was built in 1927.

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