The Rowland Studio Building

Investment Overview

Available for the first time since the early 1960’s, this two-parcel project consists of an ideal mix of four retail units comprising a total rentable area of approximately 7,305 square feet. The property is an 8,319 square feet mid-block apartment development site located along the south side of NE 65th St., one parcel east of 12th Ave NE.

Investment Highlights

• SIGNIFICANT PRICE REDUCTION
• Sale Price $3,500,000
• 7,305 SF Building on 8,319 SF Lot
• Prime Transportation Access – Steps from the Link Light Rail, major bus routes, and near I-5, SR 99, SR 520, and SR 522.
• Downtown & Airport Proximity – Just 6 miles to downtown Seattle and 20 miles to Sea-Tac Airport.
• Rapid Development – 37 new projects since 2019, adding 2,647 completed units and 346 under construction, reflecting strong demand.
• Increasing Property Values – Market trends suggest continued neighborhood appreciation and investment potential.
• Bustling Commercial Hub – Roosevelt Way NE & NE 65th Street feature diverse restaurants, cafes, specialty shops, and local markets.
• Top-Tier Schools – Home to Roosevelt High School, known for academic excellence and strong performing arts programs.
• Vibrant Community – The Roosevelt Neighborhood Association fosters engagement, events, and local advocacy.
• Green Spaces – Adjacent to Cowen and Ravenna Parks, offering trails, picnic areas, and lush greenery for outdoor enjoyment.
• Walkability – Easily navigate local shops, grocery stores, and services with well-connected sidewalks and streets.