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5305 15th Avenue NW, Seattle, WA 98107

$3,400,000 (Active)
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Listed by: Ben Douglas - Paragon Real Estate Advisors

5305 15th Avenue NW, Seattle, WA 98107

$$3,400,000
Active
est.$3,400,000/month.
Start My Approval
beds. baths. 12,810 Sqft.

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5305 15th Avenue NW, Seattle, WA 98107

$3,400,000
Active
est.$3,400,000/month.
Start My Approval
beds baths 12,810 Sq.ft.
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Property details for 5305 15th Avenue NW, Seattle, WA 98107
The Ballard Development Site, a 12,810 square foot corner parcel at 5305 15th Ave NW in Seattle’s Ballard neighborhood. The site sits at the northwest corner of 15th Ave NW and NW 53rd St, one block south of NW Market St, with approximately 100 feet of frontage on 15th Ave NW and 128 feet on NW 53rd St. It is improved with a vacant 2,567 square foot restaurant building constructed in 1971. The property is zoned C1-75 (M), which permits apartments, mixed use, retail, office, live and work, and a range of commercial uses up to a 75 foot height limit. At a 5.5 FAR, the zoning supports approximately 70,455 square feet of floor area. The site is located within the Ballard Regional Center and the Medium MHA fee area. The lot is operated by Diamond Parking under a month to month revenue sharing agreement that generates monthly income to ownership. The parking income offsets a portion of the carry while a buyer completes design and permitting, and the month to month term allows the site to be cleared for construction with no lease to buy out. No design, permitting, or pre submittal work has been started. The seller has not researched the zoning or completed any feasibility work, and a buyer is to confirm floor area, unit count, MHA obligations, and all development assumptions with the Seattle Department of Construction and Inspections.
Broker details: Paragon Real Estate Advisors

Listed by: Ben Douglas
Co-listing Broker: Paragon Real Estate Advisors
Co-listing Agent: Michael Urquhart
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Property Description

MLS Information

  • Listing: 2589501
  • Listing Last Modified: 2026-10-01

Property Details

  • Standard Status: Active
  • MLS Status: Active
  • Subdivision: Ballard

Geographic Data

  • County: King
  • MLS Area: Ballard
  • Directions: Start on Elliot Ave W. Cross the Ballard bridge. Destination will be on the left.
Features

Interior Features

    Exterior Features

      Parking

        Utilities

        • Heating: None
        Property Information

        Tax Information

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          Based on information submitted to the MLS GRID as of Sun Oct 04 2026 (2.48 AM). IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The three tree icon represents listings courtesy of NWMLS.
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