central ballard

TRAVIS KANNIER

BROKER | PRINCIPAL

P: 206.505.9428

[email protected]

CENTRAL BALLARD 2030 NW 57TH ST | SEATTLE, WA 98107

WESTLAKE ASSOCIATES | 2

Investment Highlights

HIGHLIGHTS

• Redevelopment Opportunity

• Neighboring property is listed For Sale with same MR-RC (M) Zoning / 5,000 Lot SF

• The assemblage potential is 10,000 Lot SF / approx. 45,000 Buildable SF

• FAR 4.5

• Located Within Urban Village

• Income Producing Asset

• Walk Score : 97 -- Walker’s Paradise

• Bike Score: 84 -- Very Bikeable

• Short Walking Distance to Restaurants, Bars, and Parks

• Heart of Ballard Retail and Ballard Farmers Market

• Strong Rental History

• Easy Access to 15th Avenue NW & Main Arterial Bus Lines

5,000

$340

$1,700,000LIST PRICE

LOT SF

PER LOT SF

Property Details

PROPERTY DETAILS

BUILDING INFORMATION

County

Market

Land Use

Style

APN#

Zoning

Urban Village

FAR

King

Ballard

Residential

Single Family

#276760-4935

MR RC (M)

Yes

4.5

Address

Year Built

# of Floors

Lot Size

Building Size

Construction

Heat

Parking

2030 NW 57th St

Seattle, WA 98107

1918

1

5,000 SF

830 SF

Wood

Electric BB

Detached Garage


Location

22

ND

AV

E NW

20

TH A

VE N

W

NW 56TH ST

NW MARKET ST

NW 57TH ST

NW 58TH ST

2030 NW 57TH ST 2030 NW 57TH ST


Sales Comparables304 11th Ave ESeattle, WA 98102

1415 Belmont Ave Seattle, WA 98122

4112 Stone Way NSeattle, WA 98105

SALE COMPARABLE

SALE DATE 01/11/2021

PRICE $1,700,000

LOT SIZE 4,901 SF

PRICE SF $346

ZONING MR (M1)

SALE COMPARABLE


PRICE $1,880,000

LOT SIZE 5,001 SF

PRICE SF $375

ZONING MR (M)

SALE COMPARABLE


PRICE $2,020,000

LOT SIZE 5,314 SF

PRICE SF $380

ZONING NC2P-55

818 NE 42nd StSeattle, WA 98105

5200 17th Ave NWSeattle, WA 98107

SALE COMPARABLE


PRICE $1,940,000

LOT SIZE 4,918 SF

PRICE SF $394

ZONING MR (M1)

SALE COMPARABLE


PRICE $1,998,400

LOT SIZE 5,000 SF

PRICE SF $399

ZONING MR (M1)


Sales Comparable Summary | Single-Family

SALE COMPS PRICE LOT SF PRICE / SF ZONING CLOSED

SUBJECT PROPERTY2030 NW 57th St

$1,700,000 5,000 SF $340 MR RC (M)

01304 11TH AVE E Seattle, WA

$1,700,000 4,901 $346 MR (M1) 01/11/2021

021415 BELMONT AVE Seattle, WA

$1,880,000 5,001 $375 MR (M) 01/11/2019

03818 NE 42ND STSeattle, WA

$1,940,000 4,981 $394 MR (M1) 12/27/2019

044112 STONE WAY NSeattle, WA

$2,020,000 5,314 $380 NC2P-55 07/14/2020

055200 17TH Ave NW Seattle, WA

$1,998,400 5,000 $399 MR (M1) 05/17/2021

AVERAGES $1,907,680 5,027 SF $378


Sales Comparable Summary Map

2030 NW 57TH ST

02

03

05

01

04


Ballard Neighborhood & Amenities

POPULATION 1-MILE 3-MILE 5-MILE

Total Population 38,455 179,963 438,079

Growth 2021 - 2026 (est.) 9.34% 6.89% 7.94%

Median Age 38.2 37.7 36.2

HOUSEHOLDS & INCOME 1-MILE 3-MILE 5-MILE

Total Households 19,355 82,704 211,834

Average HH Income $127,437 $129,942 $127,237

Renter Occupied Housing 56.8% 48.3% 59.4%

97Walker’s Paradise

84Very Bikeable

6 MILES Downtown Seattle

WHAT’S NEARBY

QFCJoANN Fabrics & CraftsTop BananaFedEx Office

Ballard Commons ParkBallard Branch LibraryBallard Community CenterAdams ElementaryNordic Museum

Cafe BesaluKimchi HouseSalt & Sugar Cafe & BakeryScooter’s Burgers StarbucksVerve Bowls Cupcake Royale Gather Kitchen & BarThe Boar’s NestMr. Gyros Ballard Coffee WorksHot Cakes 8oz. Burger & CoKangaroo & KiwiLi’l Woody’sBallard Beer CompanyThe Matador Sunset TavernSalt & Straw Ballard Annex Oyster HouseOchoHotel Albatross

© COSTAR REALTY INFORMATION, INC. 2021


Ballard

BALLARD is a neighborhood located in the northwestern part of Seattle. It is most commonly identified with the strong Scandinavian heritage that was brought to the area in the 1800’s. Once home to immigrants from five Scandinavian countries, Ballard’s history is steeped in the cultural traditions of Denmark, Finland, Iceland, Norway and Sweden.

Ballard is home to the Nordic Heritage Museum, which celebrates both the community of Ballard and the local Scandinavian history. Scandinavians unite in organizations such as the Sons of Norway Leif Ericson Lodge and the Norwegian Ladies Chorus of Seattle. Today, the tradition continues with Ballard’s annual 17th of May festival, celebrating Syttende Mai (Norway’s constitution Day). The festival features a parade with drill teams, clowns and much more.

Shilsole Bay, along the western shores of Ballard, offers calm waters for sailboats and lots of summer fun. Lines of restaurants make this waterfront an active place in the warmer months, with beautiful orange and purple sunsets, and an amazing view of the Olympic Mountains.

Along the south end of Ballard are the Hiram M. Chittenden Locks, known locally as the “Ballard Locks”. The Locks lead from Puget Sound to Lake Union and eventually to Lake Washington. These waters are home to the largest salmon and halibut fleets in the nation.


Sound Transit | Ballard Transportation Ballard Link Extensions will provide fast, reliable light rail connections to dense residential and job centers throughout the region. In addition, a new downtown Seattle light rail tunnel will provide capacity for the entire regional system to operate efficiently. These two separate Link extensions are part of the regional transit system expansion approved by voters in November 2016. Proposed completion is estimated for 2037-2039.

Ballard to Downtown Seattle

Adds 7.1 miles of light rail service from downtown Seattle to Ballard, including a new downtown Seattle rail-only tunnel.

Includes 9 new stations between Chinatown-International District and Market Street.

Route 15 travels from Downtown Seattle, Seattle Center, Ballard, Crown Hill and Blue Ridge.

Route 17 travels from Downtown, Seattle Center, Ballard, Sunset Hill and Loyal Heights.

Route 18 travels from Downtown Seattle, Seattle Center, Ballard and North Beach.

Route 40 travels from Downtown Seattle, Fremont, Ballard, Crown Hill and Northgate.

Route 44 travels from the UW Station, University District, Wallingford and through Ballard.

The RapidRide D Line travels from Downtown Seattle, Uptown, Interbay, Ballard and Crown Hill.

Bus Stops for Routes 15, 17, & 18

Bus Stops for Routes 40, 44 & D Line

About WestlakeSince 1975, Westlake Associates, Inc. has been the premier provider of commercial real estate brokerage services in the Puget Sound Region.

Our unsurpassed commitment to creating and preserving our clients’ real estate investment wealth has resulted in thousands of successful transactions and a long history of repeat business and client referrals.

The professionals at Westlake Associates collaboratively work with clients to develop customized, creative solutions designed to maximize investment returns.

We’ve built a strong foundation of experience in Investment Property Sales, Commercial Leasing, Property Management, and comprehensive real estate services over our 40 year history. We operate as a team and leverage each other’s resources and experience to provide the highest level of client services.

PROUD MEMBERS OF:

Commercial Brokers Association (CBA)

Northwest Multiple Listing Services (NWMLS)

LoopNet National Listing Services

CoStar Commercial Real Estate Data & National Listing

Commercial Investment Real Estate (CREI)

Washington State Realtors Association (WSMA)

EXCLUSIVELY LISTED BY:

TRAVIS KANNIER

BROKER | PRINCIPAL

P: 206.505.9428

[email protected]

1200 Westlake Avenue N, Suite 310Seattle, Washington 98109

©2021 WESTLAKE ASSOCIATES, INC.

DISCLAIMER: This information has been secured from sources we believe to be reliable, but we make no representa-tions or warranties, expressed or implied, as to the accuracy of the information. References to square footage, age, and numbers are approximate. Parties must verify the information and bear all risk for any inaccuracies.

central ballard

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