50th St. Plaza 101 NE 50th St 4,057 SF 100% Leased Retail Building Seattle, WA 98105 $6,836,150 CAD ($1,685.03 CAD/SF)

Prime Legacy Asset Opportunity:
Linc Properties is pleased to present the rare opportunity to acquire a legacy corner asset located prominently at the nexus of two of Seattle’s most desirable neighborhoods. 50th Street Plaza, offered for sale for the first time in 30 years, has operated as a successful retail and gas station since 1965. 7/11 constructed the current improvements in 1987 and has demonstrated the enduring strength of this location for nearly four decades. The existing 7-Eleven and Salon leases expire in June of 2030, providing stable near-term income while offering investors a defined value-creation horizon through potential lease renewal, re-tenanting, owner-user occupancy, or future redevelopment. The property is zoned NC-140 (M), allowing significant long-term multifamily/mixed-use redevelopment potential aligning with Seattle’s continued urban density and transit-oriented growth initiatives. Located minutes from the University of Washington and within one of Seattle’s most supply-constrained infill submarkets, the property benefits from sustained residential density growth, ongoing mixed-use development, and strong neighborhood commercial demand supported by recent City zoning densification driving area residential, employment,
and student population growth. This offering represents a generational corner asset within a dense, high-barrier-to-entry Seattle neighborhood, positioned
to benefit from increasing land scarcity and long-term value appreciation as commercial, service and redevelopment opportunities in core urban locations continue to diminish.