$1
ActiveListing provided by Kevin G. Verger, Kidder Mathews
0
DOM
About this property.
* CALL FOR OFFERS - 08/27/26 * Pleased to present the opportunity to acquire an absolute NNN, corporate-leased investment located in the highly desirable Queen Anne neighborhood of Seattle, Washington. The 5,960 SQFT property is leased to Columbia Bank operating more than 350 branches nationwide. The tenant has occupied the property since 2010 and recently exercised a 5-year lease extension, reinforcing its long-term commitment to this established branch location. The lease structure provides investors with truly passive ownership through zero landlord responsibilities while benefiting from 2.5% annual rent escalations, creating consistent, inflation protected income growth. Beyond its stable cash flow, the investment offers a compelling long-term land value component. Situated on a prominent hard corner in Seattle's Queen Anne neighborhood, the property is located within an urban village and is zoned NC2P-55 (M), providing future ownership with a clear path toward higher-density redevelopment of approximately five to six stories. Offered at an attractive basis relative to the underlying land value, the asset presents investors with the rare combination of dependable in-place income and meaningful future redevelopment potential. Combined with Queen Anne's affluent demographics, limited land availability, and proximity to downtown Seattle, South Lake Union, and Seattle's major employment centers.
Property details.
Features.
Heating
Cooling
Sewer
Water Source
Agent information.
Drive time
From this home
Mt. Baker Ski Area
Galbraith Mountain
Village Books
Slothy
Schedule a Showing
Pick a day and time, and we’ll follow up to confirm.
By continuing, you consent to be contacted by Welcome to Whatcom and John L. Scott - Bellingham about this showing via call, text, or email.
Listed by: Kevin G. Verger, Kidder Mathews
Courtesy of Kidder Mathews
Source: NWMLS, MLS#: 2567500
Listing data deemed reliable but not guaranteed. Based on information submitted to the MLS GRID as of 08/11/2026, 15:30:47 PST. 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. Provided by NWMLS as distributed by MLS Grid.
IDX information is provided exclusively for consumers' personal, noncommercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID.
Any use or search of data on this website, other than by a consumer looking to purchase real estate, is prohibited.
Listed by Kevin G. Verger, Kidder Mathews
$1
Active1630 Queen Anne Avenue N, Seattle, WA 98109
0.29
Lot Acres
1941
Year Built
0
Days on Market
About This Property
* CALL FOR OFFERS - 08/27/26 * Pleased to present the opportunity to acquire an absolute NNN, corporate-leased investment located in the highly desirable Queen Anne neighborhood of Seattle, Washington. The 5,960 SQFT property is leased to Columbia Bank operating more than 350 branches nationwide. The tenant has occupied the property since 2010 and recently exercised a 5-year lease extension, reinforcing its long-term commitment to this established branch location. The lease structure provides investors with truly passive ownership through zero landlord responsibilities while benefiting from 2.5% annual rent escalations, creating consistent, inflation protected income growth. Beyond its stable cash flow, the investment offers a compelling long-term land value component. Situated on a prominent hard corner in Seattle's Queen Anne neighborhood, the property is located within an urban village and is zoned NC2P-55 (M), providing future ownership with a clear path toward higher-density redevelopment of approximately five to six stories. Offered at an attractive basis relative to the underlying land value, the asset presents investors with the rare combination of dependable in-place income and meaningful future redevelopment potential. Combined with Queen Anne's affluent demographics, limited land availability, and proximity to downtown Seattle, South Lake Union, and Seattle's major employment centers.
Property Details
Features
Heating
Cooling
Sewer
Water Source
Agent Information
Drive time
From this home
Mt. Baker Ski Area
Galbraith Mountain
Village Books
Slothy
Schedule a Showing
Pick a day and time, and we’ll follow up to confirm.
By continuing, you consent to be contacted by Welcome to Whatcom and John L. Scott - Bellingham about this showing via call, text, or email.
Listed by: Kevin G. Verger, Kidder Mathews
Courtesy of Kidder Mathews
Source: NWMLS, MLS#: 2567500
Listing data deemed reliable but not guaranteed. Based on information submitted to the MLS GRID as of 08/11/2026, 15:30:47 PST. 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. Provided by NWMLS as distributed by MLS Grid.
IDX information is provided exclusively for consumers' personal, noncommercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID.
Any use or search of data on this website, other than by a consumer looking to purchase real estate, is prohibited.