Date
Details
Price
Change
Source
8/12/2026
Listed
$4,800,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Property Description
A rare opportunity to acquire a prominent 10,667-square-foot corner parcel in the heart of Seattle's highly desirable Ballard neighborhood. Zoned NC3P-75 (M), the property offers exceptional long-term redevelopment potential for a mixed-use project with street-level commercial uses and residential units above. The existing gas station has ceased operations, and the property is currently occupied by two food trucks providing interim income of $2000 per month. Tenant is on a MTM basis.. The site is being marketed primarily for its underlying land value and redevelopment potential rather than its existing improvements. Situated within Seattle's Urban Village growth area, the property benefits from excellent visibility, strong demographics, high walkability, and proximity to Market Street, Ballard Avenue, the Salmon Bay waterfront, Golden Gardens, and numerous retail, restaurant, and neighborhood amenities.
Full Property Details
Full Property Details for 5505 24th Ave NW
General
- Price: $4,800,000
- Taxes: (2026)
- Status: Active
- Type: Retail
- Source: NWMLS
- MLS ID: 2539955
- Updated: 8/16/2026
- Added to Site: 58 day(s) ago
Interior
- Flooring: Concrete
Location
- Area: 705 - Ballard/Greenlake
- County: King
- Subdivision: Ballard
- Driving Directions: From 15th Ave NW & NW Market St go west one Market to 24th Ave NW. Site is the old Spirit Gas Station, located on the NW corner of 24th Ave NW & NW Market St
Heating & Cooling
- Cooling Type: None
- Heating Type: Baseboard
Utilities
- Sewer: Sewer Connected
- Water: Public
Structural Information
- Structure Type: Retail
- Exterior Const.: Metal/Vinyl
- Foundation: See Remarks
- Roof: See Remarks
- Year Built: 1938
- Property Condition: Fair
Lot Features
- Lot Size (Acres): 0.2449
- Lot Size (Sq. Ft.): 10,667
- Lot Size Source: KCR
- Lot Dimensions: 100 x 100
- Lot Depth: 100
- Topography: Level
- Zoning: Commercial, Multi-Family, Residential, See Remarks
Financial Considerations
- Tax Year: 2026
- Terms: Cash
Disclosures and Reports
- Special Conditions: None
- Surveyed: false
- Property ID: 2767701170
- Block: Gilman Park
- Lot Number: 1213
Listed by Bob Johnson | George W Johnson Realty | (206) 226-5900
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Price & Sales History for 5505 24th Ave NW
Tax History
Tax History for 5505 24th Ave NW
Year
Property Taxes
Change
Tax Assessment
Change
2026
$892
-46%
$90,000
1%
2024
$1,639
-96%
$89,500
-98%
2024
$41,616
-65%
$4,338,200
—
2022
$117,956
191%
$4,338,200
—
2021
$40,521
—
$4,334,600
4%
2021
$40,521
2428%
$4,160,100
2295%
2020
$1,603
-2%
$173,700
2%
2018
$1,635
3%
$171,000
-92%
2017
$1,581
-3%
$2,080,000
1116%
2016
$1,622
3%
$171,000
—
2015
$1,581
-10%
$170,500
—
2014
$1,749
—
$169,900
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5505 24th Ave NW
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- Single Family
- Active
- Updated 2 days ago
- 4Beds
- 5Total Baths
- 5,493Sq. Ft.
Listed by Anna F. Riley | Windermere Real Estate/East and Denise Niles | Windermere Real Estate/East
- Single Family
- Active
- Updated 10 hours ago
- 4Beds
- 6Total Baths
- 6,810Sq. Ft.
Listed by Tere Foster | Compass and Moya Skillman | Compass
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- Active
- Updated 2 days ago
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- 4,197Sq. Ft.
Listed by Katie Penny Shea (206) 755-5051
- Single Family
- Active
- Updated 2 days ago
- 4Beds
- 3Total Baths
- 2,888Sq. Ft.
Listed by Mark Oordt | Windermere Mercer Island
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- Single Family
- Active
- Updated 15 hours ago
- 4Beds
- 3Total Baths
- 2,920Sq. Ft.
Listed by Francis Quedado | Redfin
- Single Family
- Active
- Updated 3 days ago
- 3Beds
- 3Total Baths
- 1,610Sq. Ft.
Listed by Joyce Sornito | Keller Williams Realty Bothell
- Single Family
- Active
- Updated 1 day ago
- 4Beds
- 3Total Baths
- 2,909Sq. Ft.
Listed by Jane Potashnick (206) 953-8672
- Single Family
- Active
- Updated 2 days ago
- 5Beds
- 4Total Baths
- 4,760Sq. Ft.
Listed by Scott Richards | Windermere Real Estate/East
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- Multi-Family
- Closed
Listed by Brian D. Platt | Paragon Real Estate Advisors and Michael Urquhart | Paragon Real Estate Advisors
Sold by Non Member ZDefault | ZNonMember-Office-MLS
Sold by Non Member ZDefault | ZNonMember-Office-MLS
- Single Family
- Closed
- 4Beds
- 5Total Baths
- 5,483Sq. Ft.
Listed by Bob Bennion | Compass and Ned Hosford | Compass
Sold by Annie Martini | Windermere RE Magnolia
Sold by Annie Martini | Windermere RE Magnolia
- Single Family
- Closed
- 5Beds
- 5Total Baths
- 4,420Sq. Ft.
Listed by Mike Moghaddas | Compass
Sold by Robert Luecke | ShopProp Inc.
Sold by Robert Luecke | ShopProp Inc.
- Single Family
- Closed
- 5Beds
- 6Total Baths
- 8,100Sq. Ft.
Listed by Terry Allen and Patricia Wallace
Sold by Will Cahill | Real Residential
Sold by Will Cahill | Real Residential
5505 24th Avenue NW, Seattle, WA 98107 (MLS# 2539955) is a Retail property. 5505 24th Avenue NW is currently listed for $4,800,000 and was received on August 12, 2026. Want to learn more about 5505 24th Avenue NW? Do you have questions about finding other Retail real estate for sale in Seattle? You can browse all Seattle real estate or contact a Coldwell Banker agent to request more information.