Listing provided courtesy of Real Property AssociatesNWMLSas Distributed by MLSGrid- MLS# NWM2514002
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Request Info1471 NW 85th StreetSeattle, WA 98117
Commercial · 0.19 Acres$2,000,000
Active
1471 NW 85th Street Overview
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Investment opportunity in Ballard! 8458 rentable sf in this mixed-use building. 3 units on street and 1 large residential apartment on 2nd floor. There are two long-term tenants in the retail spaces, and one 1500sf vacant unit (owner occupy?). The restaurant and upstairs tenant are month-to-month, the hookah lounge has a lease until 2028 with an option to extend. Being situated right next to Safeway at a busy intersection, this location gets lots of exposure and high foot-traffic! Rents are under market value, pro forma financials have been used for the vacant unit.
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1471 NW 85th Street Facts & Features
- Type Commercial
- Lot 0.19 Acres
Details
General
Association/HOA
- Association Fee: $0.00
Income/Expenses
- Other Expense: 4000
- Electric Expense: 0
- Fuel Expense: 0
- Gross Scheduled Income: 146800
- Insurance Expense: 4800
- Net Operating Income: 103217
- Total Expenses: 36243
- Water/Sewer/Garbage: 1700
Building Information
- Year Built: 1949
Location/Region
- Country: US
- County Or Parish: King
- MLS Area Major: 705 - Ballard/Greenlake
- Subdivision Name: Crown Hill
Tax Information
- Tax Annual Amount: $25,743.00
- Tax Year: 2025
General Information
- Listing Terms: Cash, Conventional
- Parcel Number: 7589200115
- Possible Use: Commercial
- Property Condition: Good
- Property Sub Type: Commercial Industrial
- Property Type: Commercial Sale
- Senior Community: No
- Special Listing Conditions: None
Interior
Beds/Baths
- Bedrooms Upper: 0
Building Interior
- Approximate Building Square Feet: 8229
- Building Area Total: 0
- Building Area Units: Square Feet
- Calculated Square Footage: 0
- Square Footage Finished: 0
- Square Footage Unfinished: 0
General Information
- Cooling: Yes
- Fireplace: No
- Fireplaces Total: 0
- Foundation Details: Poured Concrete
- Heating: Yes
- Living Area: 0
- Main Level Bathrooms: 0
- Power Production Type: Electric
Exterior
Parking Information
- Open Parking: No
- Parking Total: 0
- Parking Uncovered Total: 0
Lot Information
- Irrigation Water Rights: No
- Lot Size Acres: 0.1862
- Lot Size Dimensions: 60' x 133' x 61' x 133'
- Lot Size Square Feet: 8113
- Lot Size Units: Square Feet
- Topography: Level
- Elevation Units: Feet
- Water Source: Public
Building Exterior/Construction
- Roof: Torch Down
- Structure Type: Unspecified
General Information
- Carport: No
- Covered Spaces: 0
- Exterior Features: Cement/Concrete
- Number Of Units Total: 4
- Sewer: Sewer Connected
Unit Information
Unit 4 Details
- Unit Type: Commercial Space
- Actual Rent: 2500
Unit 2 Details
- Unit Type: Hookah Lounge
- Actual Rent: 3264
Unit 3 Details
- Unit Type: Residential Apartment
- Actual Rent: 1095
Unit 1 Details
- Unit Type: Restaurant
- Actual Rent: 5373
1471 NW 85th Street Neighborhood
Community
98117 (Seattle) Demographics
39
Median Age
8,055
Population Density (per sq. mile)
75%
College Educated
$131,508
Estimated Median Income
10,861
Estimated Total Home Owners
4,440
Estimated Total Renters
71% / 29%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.1471 NW 85th Street Monthly Cost
1471 NW 85th Street Market Data
Based on the last 30 days in this zip code
$942,445
Average List Price
$563
Average Price per Square Foot
56
Properties Sold
45
Average Days on Market
153
Properties for Sale
1471 NW 85th Street History
| Date | Value | Agent |
|---|---|---|
| 5/4/2026Source: NWMLS | May 04, 2026 |