6348 - 6355S 6th Ave S
Seattle WA 98108
Riverside Plaza
6348 - 6355S 6th Ave S Seattle WA 98108
Listing #: 705342 | Status: Available | Last Modified: 11/26/2025 |
For Sale
- Phone:(425) 586-5608
- Email:ksterling@nai-psp.com
- Office Name:NAI Puget Sound Properties
- Office Phone:(253) 383-3100
- Office Website:
- Agent Phone:(425) 586-5631
- Agent Email:nbierly@nai-psp.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 1,900,000.0
- $/SF$ 262.3
- Listing StatusAvailable
- Days on Market20
- Asset ClassIndustrial
- Terms
- Investment Type
- Investment PropYes
- Gross Income0
- Vacancy Factor %0.00%
- Operating Expenses0
- Net Operating Income0
- CAP Rate 5.45 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- Dock High Doors2
- Semi-Dock Doors
- Grade Level Door Count
- Crane Count
- Building StatusExisting
- # of Buildings1
- # of Floors2
- # of Units
- # of Elevators
- Clearance Height Min10
- Clearance Height Max14
- Bay Depth
- Total Building SF7243
- Net Rentable Area7243
- Total Office SF
- Largest Contiguous SF3575
- Lot SF12067
- Acres0.28
- Property TypeIndustrial
- Office Type
- InvestmentYes
- Building Class
- CountyKing
- Vicinity
- Location Description
- Second Address512 - 520 S River Street
- Cross Street
- Market AreaS. Seattle
- Tax ID #5367201475
- Additional Parcels
- ZoningIG2-U/85
- Year Built1985
- Year Renovated
- Completion Date
- Roof Type
- Construction TypeMasonry
6348 6th Ave South
+ RARE “VALUE-ADD” INVESTMENT OPPORTUNITY Current rents of $1.12/sf are significantly below market rents of $1.40- $1.50 for similar spaces in the area, creating significant rental upside for an investor. Both lease renewals in 2029 have the rent set at Fair Market Value. + PRICE BELOW ASSESSED VALUE (LOW COST-BASIS) The price/sf of the offering at list price is only $260/sf, well below the market price/sf of $300-$400/sf for similar sized industrial buildings in the area. In addition, the list price of $1,900,000 is $200K lower than the current tax assessed value of ~$2,100,000. + IDEAL “CLOSE-IN” SEATTLE LOCATION Situated in the highly sought after Georgetown industrial market.
Multi Tenant Property in the Georgetown just off Michigan
