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The Greenwood Assemblage is a combined 17,716 SF site located at 9240 and 9252 Greenwood Ave N in Seattle’s Greenwood neighborhood. The site is currently occupied by a fully renovated, one-story, standalone office building with surface parking, as well as a nine-unit, mixed-use apartment building. The buildings offer attractive in-place income with the opportunity for an owner-user.
Additionally, newly adopted zoning along the Greenwood Ave N corridor increased height limits from 40 to 55 feet, allowing for exceptional development potential in an attractive and growing neighborhood in Seattle.
Redevelopment Potential: Newly adopted zoning along the Greenwood Ave N corridor has increased height limits from 40 to 55 feet, allowing for exceptional development potential in an attractive and growing neighborhood in Seattle.
Existing Income: A stabilized mixed-use apartment building with ground-floor office, and an adjacent standalone retail building provide attractive in-place income, with added ability to further increase cash flow.
Great Location: Located just steps from the Greenwood amenities and just 6 miles from downtown Seattle, the property combines the right balance of convenience and livability. Additionally, the Northgate Redevelopment promises to bring new growth and energy to the area.
On the outskirts of what were once exclusively considered prime Seattle neighborhoods, North Seattle saw a rapid ascension as a desirable investment market after 2012. Greenwood, a refreshingly eclectic and laid-back neighborhood within North Seattle, remains a perfect example of that growth.
In addition to private multifamily development, the City identified Greenwood as a key area for growth and investment. The Greenwood Town Center, located along 85th Street — the neighborhood’s primary East-West corridor − was recently been rezoned to development-friendly zoning with increased height limits. The rezone will encourage future development and investment in the neighborhood, providing residents with additional amenities and making the area more pedestrian friendly.
The Greenwood Assemblage is located just steps from this activity, providing the right balance of convenience and livability. As the area’s commercial attractions and community amenities continue to grow, future residents will have endless opportunities to shop, play, eat, and thrive.
Amidst the neighborhood’s exciting growth, Greenwood’s authentic Seattle spirit shines through. As the local chamber of commerce proudly proclaims, the neighborhood is “Just a little off center.” Within a few blocks of the site are numerous cafes and restaurants lining Greenwood Avenue N, and nearby parks such as Greenwood Park and Sandel Park provide sunny green space for community gardens and playgrounds.
to Fred Meyer
to Greenwood Town Center
to Golden Gardens Park
to Green Lake
to Downtown Seattle
Kidder Mathews is the exclusive Listing Brokerage for this Offering. Dylan Simon, Jerrid Anderson, and Matt Laird are exclusively representing the Seller in the sale of the Greenwood Assemblage (9240-9252 Greenwood Ave N, Seattle).