72,000 SQFT Industrial Development Opportunity in Seattle Hits the Market

READ PRODUCTS INTERBAY, a two-building industrial property totaling 72,606 square feet of warehouse and office space, has been brought to market in Seattle’s Interbay district. The offering comprises 3615 15th Ave W and 3635 Thorndyke Ave W, which collectively span 3.06 acres. The property is being offered by Lee & Associates on behalf of the long-time owner. The broker has announced that Read Products Interbay presents an opportunity for owner-users, value-add investors, or developers to capitalize on a centrally located asset with strong upside potential.
Further adding to the site’s redevelopment potential is the option to apply for a street vacation of a segment of Thorndyke Ave between the two parcels. If approved, this could add approximately 33,200 square feet to the overall site area and deliver an additional 99,600 square feet of buildable floor area. The marketing brochure notes that enhancements to public infrastructure—such as connecting W Nickerson Street to the South Ship Canal Trail and improving pedestrian and bike access at W Emerson St and 15th Ave W—could provide further value, both to the community and future development.
Alex Muir and Stuart Williams of Lee & Associates are handling the listing.
About Lee & Associates Commercial Real Estate Services
Lee & Associates is a fully-integrated commercial real estate company with unrivaled capabilities and an unwavering dedication to integrity. Our business-minded brokers specialize in office, industrial, retail, multi-family, land, investment services, corporate solutions, and valuation and appraisal services. As the fastest-growing broker-owned firm in the nation, with 80+ office locations in North America, we are uniquely qualified to support our clients’ real estate needs in the local, national and international markets. For more information, visit www.lee-associates.com/.