OFFERING MEMORANDUM FOR SALE Home Builders Center 1110 W. Nickerson Street, , WA 98119

PRICE REDUCTION $3,950,000

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: $3,950,000 ($265/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: C2-55

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( ) was enacted on March 18, 2019 by a 9-0 vote by the City Council. This MHA legislation implements affordable housing requirements in 27 urban neighborhoods This information has been obtained from sources believed reliable. While we do not doubt its accuracy,throughout we have not verified Seattle it and makeensuring no guarantee, that warranty new orcommercial rep- and multifamily resi- resentation about dentialit. It is your development responsibility to independently contributes confirm to its affordableaccuracy housing. and completeness.

2110With Western MHA, Ave., new Seattle, buildings WA 98121 that include affordable housing (performance www.EwingandClark.com option) or contribute to the Seattle Office of Housing fund can increase their existing zoning. This zoning change has taken the future property owner of 1110 W. Nickerson Street from a C2-40’ zoned property 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

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]