OFFERING MEMORANDUM FOR SALE VIDEO of Property and Surrounding Area Home Builders Center 1110 W. Nickerson Street, , WA 98119

$4,950,000

Andy Bethel Roger Lorenze For more information, please contact: 206.683.7529 206.406.1547 [email protected] [email protected] property summary

address 1110 W. Nickerson Street, Seattle, WA 98119

Price: 4,950,000 ($333.22/SF Lot)

Parcel Number: 277060-5670

Site Size: 14,855 square feet

Buildings: 13,112 square feet 1110 W. Nickerson St. retail / warehouse

Current Zoning: C2-40

Proposed MHA Zoning: C2-55

Current Tenant: Home Builders Center

Monthly Rent: $9,000 Gross

Lease Term: Month-to-Month

Exact square footage to be confirmed by Buyer Mandatory Housing Affordability MHA( ) ensures that new commercial and multifamily residential development contributes to affordable housing. MHA will provide at least 6,000 new rent-restricted, income-restricted This information has been obtained from sources believed reliable. While we do not doubt its accuracy,homes we have notfor verified low-income it and make people. no guarantee, Affordable warranty or housingrep- requirements take effect when resentation about theit. It isSeattle your responsibility City Council to independently adopts confirmnew zoning its accuracy that adds development capacity. and completeness. 2110After Western putting Ave., MHA Seattle, in place WA in 98121 six Seattle neighborhoods in 2017, the City is proposingwww.EwingandClark.com to implement MHA citywide including Fremont. The city’s proposal targets more housing choices close to community assets, such as frequent transit, parks, and jobs. This proposed zoning change will allow the future property owner of 1110 W. Nickerson Street to increase the height of their zoning from C2-40’ to C2-55’.

Andy Bethel 206.683.7529 [email protected] For more information,please contact: 2 Roger Lorenze 206.406.1547 [email protected] neighborhood information

• 1100 W Nickerson Street is centrally located between Queen Anne, Interbay, Ballard and Fremont, and less than one mile from Seattle Pacific University (over 4,000 students). The property lends itself to a multitude of development opportunities, with potential unobstructed views of Lake Ship Canal, , Fisherman’s Terminal and the Ballard waterfront. West Nickerson Street is a high traffic arterial (approx. 24,000 VPD), with easy access to the Ballard and Fremont Bridges, and only minutes away from downtown Seattle. • The property enjoys a prominent location within this urban core submarket; along the northern most bend of W. Nickerson Street, and only two blocks off of the Ship Canal waterway. • Located close to the South Ship Canal Trail, bikers, runners, walkers, etc. are in close proximity to the Burke-Gilman Trail, via the Fremont Avenue Bridge. • This is a unique opportunity to acquire a development site in Seattle’s booming economy and rapidly growing population.

Surrounding Neighborhood

SPU Campus

2110 Western Ave., Seattle, WA 98121 This information has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility www.EwingandClark.com 3 to independently confirm its accuracy and completeness. demographics

Address 110 W. Nickerson St. Parcel Number 277060-5670

This information has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or rep- resentation about it. It is your responsibility to independently confirm its accuracy and completeness.

2110 Western Ave., Seattle, WA 98121 www.EwingandClark.com

Andy Bethel 206.683.7529 [email protected] For more information,please contact: 4 Roger Lorenze 206.406.1547 [email protected] aerial map

Tableau

Tableau Brooks Tableau Adobe FREMONT Tableau Aurora Bridge

Google Seattle

SPU

BALLARD

1110 W. Nickerson St.

Ballard Bridge

2110 Western Ave., Seattle, WA 98121 This information has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility www.EwingandClark.com 5 to independently confirm its accuracy and completeness. For more information about the 1110 W. Nickerson Street, please contact agents Andy Bethel or Roger Lorenze.

For more information, Andy Bethel Roger Lorenze please contact: 206.683.7529 206.406.1547 [email protected] [email protected]