2000 Union St Seattle, WA 98122
Historic Seattle Office, High ROI Potential
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 137
Highlights
- Exceptional mixed-use building in Seattle's East Union Retail District, offering a value-add investment opportunity.
- 7,000 square foot building (6,920 square feet net rentable) on a 4,336 square foot lot, built in 1908, extensively renovated in 2021.
- Currently generates $211,000 NOI, resulting in a 6.03% cap rate; asking price $3,500,000.
- Eight tenants in multiple units; NC2P-40 (M) zoning; creative office space.
- Potential for value enhancement through renovation of four second-floor residential units.
Property Details for 2000 Union St
- Property type
- Office properties, Office space
- Square Feet
- 7,000 SF
- Year Built/Renovated
- 1908/2021
- Stories
- 2
- Units
- 8
Location Insight
- City
- Seattle
- County
- King
- State
- Washington
- Latitude
- 47.613125
- Longitude
- -122.3060158
Nearby Similar for Sale
FAQs
- What type of property is this?
- Office property - Historic Seattle Office, High ROI Potential
- Where is the office property located?
- The property is located at 2000 Union St Seattle, WA.
- What is the asking price?
- The asking price for this property is $3,500,000.
- What are key features of this property?
- This property features: Exceptional mixed-use building in Seattle's East Union Retail District, offering a value-add investment opportunity.; 7,000 square foot building (6,920 square feet net rentable) on a 4,336 square foot lot, built in 1908, extensively renovated in 2021.; Currently generates $211,000 NOI, resulting in a 6.03% cap rate; asking price $3,500,000.
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