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Investment Highlights

  • Zoning: NC3P-75(M) – supports a wide range of use
  • High-visibility area with strong traffic counts
  • Access: Easy connectivity to major highways
  • Development Potential: Up to 75 feet / 7 stories ~ Ready for improvements, renovations,or redevelopment
  • Nearby Amenities: Hospitals, schools, housing, groceries, restaurants, and more

Executive Summary

Available for sale -Prime Multi-Use Commercial Property | Rare Redevelopment Opportunity Legal Address: 2037 E. Madison | Mailing Address: 2041 E. Madison Situated in a high-traffic, high-visibility corridor, this versatile commercial property is zoned NC3P-75(M) and offers 75 feet (7 stories) of air rights, making it an ideal candidate for redevelopment. Whether you’re planning retail, office, residential, or mixed-use projects, this site provides exceptional flexibility and long-term value. Surrounded by a dynamic mix of thriving businesses and essential amenities—including hospitals, schools, apartment complexes, grocery stores, spas, and restaurants—the location benefits from a steady flow of foot and vehicle traffic. With excellent highway access and strong community integration, this is a prime location for business growth. Building is in need of renovations.

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
2,100 SF
Building Class
C
Year Built/Renovated
1950/1975
Price
$1,430,268 CAD
Price Per SF
$681.08 CAD
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.80
Lot Size
0.06 AC
Zoning
NC3P-75 - NC3P-75 : Neighborhood Commercial zoning allows mid-rise mixed-use development up 75 feet,combining residential,office, and retail uses.
Frontage
79’ on East Madison Street
Exceptionally walkable
100/100
Moderately drivable
60/100
Strong public transit
80/100
Moderately bikeable
70/100

Nearby Major Retailers

CrossFit
Starbucks
Safeway
Trader Joe's
Anytime Fitness
PCC Community Markets
Grocery Outlet
KeyBank
Shoprite
Banner Bank

Property Taxes

Property Taxes

Parcel Number
140730-0140
Land Assessment
$1,728,200 CAD
Improvements Assessment
$1,368 CAD
Total Assessment
$1,729,568 CAD
  • Listing ID: 35256198

  • Date on Market: 2025-03-25

  • Last Updated:

  • Address: 2037 E Madison St, Seattle, WA 98122

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