Carstar - Seattle, WA

HIGH BARRIERS TO ENTRY
This property provides an investor
the opportunity to break into a
rapidly growing Seattle submarket
with extremely high barriers to
entry for competing assets as most
adjacent developer is mixed-use &
multifamily.

PREMIER COMMERCIAL CORNER LOCATION
The parcels occupy a prime, heavily
trafficked corner spot ensuring
maximum visibility and access with
over 25,000 vehicles passing daily,
while located just over 5 miles from
downtown.

POTENTIAL FOR FUTURE DEVELOPMENT
Zoned IG2 U/65, this property offers
versatile land use options , including
manufacturing, commercial, and
entertainment uses, with flexible
height limits, size limits, and a
generous FAR of 2.5.

ON SITE VEHICLE STORAGE AND/OR PARKING
The property includes on-site
vehicle storage and parking f acilities,
a valuable asset in this bustling
neighborhood with limited space
available.

The Vara Group is pleased to offer for sale the Fee Simple interest in the properties located at 4700-4710 Ballard Ave and 1553 NW Leary Way. The Property is centrally located in the industrial trade area of the Ballard neighborhood, and offers convenient nearby access to 15th Ave and Hwy 99. 

The Property includes three tax parcels spanning 24,455 SF with two improved structures totaling 13,055 Rentable SF, leased to a single tenant. CARSTAR is North America’s largest Multi-Shop Operator Network of independently owned collision repair facilities, offering a variety of repair services for body work, paint, and accident assistance. The tenant has operated at the Property since 2015, and recently signed a lease extension through 2030 with one 5-year extension remaining. 

The Ballard submarket is included in the Industrial and Maritime Strategy zoning redesignation passed in July of 2023 to preserve existing industry and commerce, and aid employment growth in the sector.