1630 Queen Anne Avenue N, Seattle, WA 98109 (MLS # 2567500)
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Listing provided courtesy of Northwest MLS; Kidder Mathews
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* 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.
| LAST UPDATED | 8/11/2026 | TRACT | Queen Anne |
|---|---|---|---|
| YEAR BUILT | 1941 | COMMUNITY | Queen Anne |
| COUNTY | King | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AIR CONDITIONING | Yes |
|---|---|
| AREA | 700 - Queen Anne/Magnolia |
| HEAT | See Remarks |
| LOT | 0.2893 acre(s) |
| MLS STATUS | Active |
| STYLE | 75 - Retail |
| SUBDIVISION | Queen Anne |
| UTILITIES | Sewer Available |
| WATER | See Remarks |
| ZONING | Retail |
| SATELLITE VIEW |
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Properties with the 
icon are courtesy of Northwest MLS.
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 8/11/26 6:40 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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. 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.
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