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Listed by:Kidder Mathews • Kevin G. Verger
$ 1
Est. payment /mo
New
1630 Queen Anne AVE N Seattle, WA 98109
0.29 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Active
Purchase Type For Sale
Subdivision Queen Anne
MLS Listing ID 2567500
Style 75 - Retail
Year Built 1941
Lot Size 0.289 Acres
Property Sub-Type Commercial Industrial
Property Description
* CALL FOR OFFERS - 08/27/26 * Pleased to present the opportunity to acquire an absolute NNN, corporate-leased investment located in the highly desirable Queen Anne neighborhood of Seattle, Washington. The 5,960 SQFT property is leased to Columbia Bank operating more than 350 branches nationwide. The tenant has occupied the property since 2010 and recently exercised a 5-year lease extension, reinforcing its long-term commitment to this established branch location. The lease structure provides investors with truly passive ownership through zero landlord responsibilities while benefiting from 2.5% annual rent escalations, creating consistent, inflation protected income growth. Beyond its stable cash flow, the investment offers a compelling long-term land value component. Situated on a prominent hard corner in Seattle's Queen Anne neighborhood, the property is located within an urban village and is zoned NC2P-55 (M), providing future ownership with a clear path toward higher-density redevelopment of approximately five to six stories. Offered at an attractive basis relative to the underlying land value, the asset presents investors with the rare combination of dependable in-place income and meaningful future redevelopment potential. Combined with Queen Anne's affluent demographics, limited land availability, and proximity to downtown Seattle, South Lake Union, and Seattle's major employment centers.
Location
State WA
County King
Area 700 - Queen Anne/Magnolia
Interior
Fireplace false
Building
Sewer Available
Water See Remarks
Others
Senior Community No
Acceptable Financing See Remarks
Listing Terms See Remarks
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