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Listed by:Westlake Associates, Inc. • Peter D. Hiatt
$ 1,998,000
Est. payment | /mo
3,600 Sqft Lot
$ 1,998,000
Est. payment | /mo
3,600 Sqft Lot
Key Details
Property Type Commercial
Sub Type Commercial Industrial
Listing Status Active
Purchase Type For Sale
Subdivision Capitol Hill
MLS Listing ID 2582606
Style 61 - Comm Bldg Ovr 10K
Year Built 1909
Lot Size 3,600 Sqft
Property Sub-Type Commercial Industrial
Property Description
This 10,800 SF three-story property at the intersection of Capitol Hill and Downtown Seattle is located within the Pike/Pine corridor with proxiity to employment, retail, entertainment, and residential amenities. The property is currently leased to an established tenant at $12,000 per month + NNN Expenses. Potential repositioning strategies include mixed-use residential apartments with retail, hotel or hostel accommodations, gallery or artist spaces, work lofts, creative or traditional office uses, or continued operation as a membership-based private club. The in-place cash flow offers a foundation from which to evaluate future repositioning or redevelopment strategies, while the property's central location and building configuration provide multiple avenues for long-term value creation. Exterior: Wood Frame; Heat: Hot Water; Roof: Flat - TPO Membrane; Zoning: NC3P-95 (M)
Location
State WA
County King
Area 390 - Central Seattle
Interior
Fireplace false
Exterior
Exterior Feature See Remarks
Roof Type Flat
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Nearby Schools & Businesses
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RSVP Real Estate Group
Real Estate Firm License ID: 17634
Real Estate Firm License ID: 17634