Prepared by https://www.commercialmls.com
Riverside Plaza
6348 - 6355S 6th Ave S Seattle WA 98108
Listing #: 705342 | Status: Available | Last Modified: 11/26/2025
| Showing Instructions | |
|---|---|
| Call Listing Agent | No |
| Use Discretion | No |
| Investment Information | |
|---|---|
| Investment Prop | Yes |
| Gross Income | 0 |
| Vacancy Factor % | 0.00% |
| Operating Expenses | 0 |
| Net Operating Income | 0 |
| CAP Rate | 5.45 % |
| Detail Listing Information | |
|---|---|
| Min Total SF | 0 SF |
| Max Total SF | 0 SF |
| Lease Rate Low | $ 0.00 |
| Lease Rate High | $ 0.00 |
| Retail Information | |
|---|---|
| Signage | Signage on Building and Freestanding |
| Industrial Asset Class Info | |
|---|---|
| Dock High Doors | 2 |
| Building Information | |
|---|---|
| Building Status | Existing |
| # of Buildings | 1 |
| # of Floors | 2 |
| Clearance Height Min | 10 |
| Clearance Height Max | 14 |
| Total Building SF | 7,243 SF |
| Net Rentable Area | 7,243 SF |
| Total Office SF | 0 SF |
| Largest Contiguous SF | 3,575 SF |
| Lot SF | 12,067 SF |
| Acres | 0.28 |
| Year Built | 1985 |
| Construction Type | Masonry |
| Property Type | |
|---|---|
| Property Type | Industrial |
| Investment | Yes |
| Location | |
|---|---|
| County | King |
| Second Address | 512 - 520 S River Street |
| Market Area | S. Seattle |
| Tax ID # | 5367201475 |
| Zoning | IG2-U/85 |
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
Riverside Plaza
6348 - 6355S 6th Ave S Seattle WA 98108
Listing #: 705342 | Status: Available | Listing Date: 11/17/2025 | Last Modified: 11/26/2025 | Email Listing
For Sale
Riverside Plaza
