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4733 Brooklyn Ave
Seattle, WA 98105
Retail Property For Sale
Investment Highlights
- Prime mixed-use development opportunity in Seattle's University District with SM-U 75-240 zoning and exceptional redevelopment potential.
- Multi family mixed use site
- Development site
- Seattle development
Executive Summary
4733 Brooklyn Ave NE is a prime mixed-use development opportunity located in Seattle's highly desirable University District, offering investors the ability to capitalize on one of the city's most active and supply-constrained urban markets.
The property occupies approximately 4,154 square feet of land and benefits from SM-U 75-240 (M1) zoning, allowing for high-density residential and commercial development. Positioned just blocks from the University of Washington, University Way ("The Ave"), and the U-District Light Rail Station, the site is supported by exceptional pedestrian activity, strong transit connectivity, and sustained demand driven by students, professionals, and surrounding employment centers.
The property is currently leased, providing interim income while investors pursue future redevelopment or entitlement opportunities. Its strategic location, flexible zoning, and proximity to major institutional and commercial anchors make it well suited for long-term value creation.
4733 Brooklyn Ave NE presents a compelling investment opportunity by combining current income with significant redevelopment potential in one of Seattle's most established and rapidly evolving urban neighborhoods.
The property occupies approximately 4,154 square feet of land and benefits from SM-U 75-240 (M1) zoning, allowing for high-density residential and commercial development. Positioned just blocks from the University of Washington, University Way ("The Ave"), and the U-District Light Rail Station, the site is supported by exceptional pedestrian activity, strong transit connectivity, and sustained demand driven by students, professionals, and surrounding employment centers.
The property is currently leased, providing interim income while investors pursue future redevelopment or entitlement opportunities. Its strategic location, flexible zoning, and proximity to major institutional and commercial anchors make it well suited for long-term value creation.
4733 Brooklyn Ave NE presents a compelling investment opportunity by combining current income with significant redevelopment potential in one of Seattle's most established and rapidly evolving urban neighborhoods.
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
2,369 SF
Building Class
B
Year Built/Renovated
1977/2021
Price
$4,256,040 CAD
Price Per SF
$1,796.56 CAD
Cap Rate
4.35%
NOI
$184,947 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.57
Lot Size
0.10 AC
Zoning
SM-U 75-240 (MI) - Mixed-use zoning allowing high-density residential, retail, commercial, and lodging development (75' mid-rise / 240' high-rise).
Parking
2 Spaces (0.84 Spaces per 1,000 SF Leased)
Frontage
49’ on Brooklyn Ave
Property Taxes
| Parcel Number | 881740-0095 | Improvements Assessment | $1,419 CAD |
| Land Assessment | $3,535,918 CAD | Total Assessment | $3,537,337 CAD |
Property Taxes
Parcel Number
881740-0095
Land Assessment
$3,535,918 CAD
Improvements Assessment
$1,419 CAD
Total Assessment
$3,537,337 CAD
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