Madison Park Mixed Use

Property Overview

Madison Park Office/Retail is a 5,704 SF multi-tenant office and retail building located at 1938 43rd Ave E in Seattle's Madison Park neighborhood. Built in 1941, the property sits in one of Seattle's most established residential and commercial corridors.

Challenge

Our team was engaged to sell a mixed-use office and retail building in Seattle's Madison Park neighborhood. The assignment required identifying the right buyer for a smaller, character-rich asset in a market where the pool of qualified purchasers for this property type and size is naturally limited.

Action

We ran a targeted marketing process on behalf of the seller, positioning the property as an investment offering while also reaching owner-users who could occupy and operate the building directly. Our outreach focused on buyers who understood the Madison Park submarket and could move decisively on a well-located asset of this scale.

Result

• Represented the seller through a successful disposition
• Identified and closed with an owner-user buyer
• Sale price: $2,050,000 ($359 per SF)