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8001 Lake City Way NE, Seattle, WA, 98115

RETAIL/OFFICE STRIP CENTER
$1,975,000

Key Information

Cap Rate
6.74%
$ per SF
$488
Tot. SF
4,051
Units
5
Year Built
1923
Type
Shopping Centers
Occupancy
100%
NOI
$133,173

Highlights

  • Prime high-visibility location Strategically positioned at the high-traffic intersection of Lake City Way (Highway 522) and NE 80th Street, this premier retail asset enjoys exceptional exposure, with approximately 34,555 vehicles passing by daily. This steady flow of traffic maximizes visibility for tenants, driving consistent customer engagement and business growth. Additionally, the property benefits from strong frontage along a major arterial route, ensuring unparalleled access and prominence in one of Seattle’s key commercial corridors.

  • Excellent Connectivity to Major Routes – Ideally positioned just a few blocks from Interstate 5, this property offers seamless access to one of the region’s primary transportation arteries. Its strategic location enhances convenience for customers, employees, and deliveries, ensuring efficient connectivity to downtown Seattle, surrounding neighborhoods, and the greater Puget Sound area. This accessibility strengthens tenant appeal and supports sustained business activity.
  • Affluent Demographics with Robust Consumer Spending – Situated in Seattle’s Lake City neighborhood, this property is surrounded by a high-income community, with an average household income of $159,089 within a one-mile radius as of 2024. This affluence translates into substantial consumer expenditure, with total annual spending in the surrounding area reaching approximately $438 million. The combination of strong purchasing power and steady consumer demand makes this location highly attractive for businesses, providing an ideal environment for susained tenant success.

Photos

Location

Agents

Broker of Record

Brian Brockman

License # 21256 (WA)
Bang Realty, Inc.
11427 Reed Hartman Hwy Suite 236, Cincinnati, OH 45241