Lots of interesting commercial-real-estate listings in West Seattle right now. Here are two of note:
AUTO-BUSINESS SITE PITCHED FOR MULTI-FAMILY OR HOTEL: The Junction/Triangle site of Advance Auto Parts and Service King at 4501 38th SW just hit the market, listed at $4.5 million.
(King County Assessor’s photo)
The listing has its own website, with this note:
Offering includes a 14,375 SF land parcel that allows for development of a possible 78 multi-family units at an average of 650 square feet per unit or a possible 110 hotel units at 420 square feet.
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Existing commercial structure offers high cash flow that could be utilized until such time that the site is developed or kept as a investment opportunity.
The site is zoned NC3-65, meaning new construction could go up about six floors.
EX-SUBSTATION FOR SALE AS HOME SITE: When the city decided to sell half a dozen former substation sites around West Seattle, community groups that wanted some to remain as open space were given some time to raise money to buy them. In Fauntleroy, time ran out for 4520 Brace Point Drive, and it was put up for sale for $350,000 as a home site.
The listing flyer doesn’t mention it’s an ex-substation. On the Commercial MLS site, the single-family-zoned, 6,848-square-foot property’s status is described as “pending,” meaning a potential sale is apparently already in the works.
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