For Sale
$2,750,000

1908 Madison StSeattle, WA 98122

Seattle Office & Apartment Building, 2802 SF

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 2,802 square foot mixed-use property, located at 1908 East Madison St in Seattle's vibrant Capitol Hill neighborhood, presents a unique investment opportunity. Built in 1901, this two-story building boasts 93% occupancy and features four parking spaces. The 0.12-acre lot is zoned NC3P-75 (M), allowing for boutique development potential within this densely populated area. The building's prime location offers unparalleled access to numerous amenities, including Trader Joe's, PCC, Safeway, and several nearby parks. Surrounded by a thriving mix of trendy restaurants, bars, coffee shops, boutiques, breweries, and entertainment venues, this property benefits from its proximity to the Pike/Pine Corridor, downtown Seattle, light rail, First Hill hospitals, Seattle University, and Seattle Central College. Convenient access to the Capitol Hill Streetcar, light rail, and bus routes is further enhanced by the upcoming RapidRide G bus route (scheduled for 2024), promising frequent service to downtown and the Madison Valley. The asking price is $2,750,000, with a land value of $511 per square foot. This presents a compelling opportunity for owner-users or developers seeking a high-potential investment in a rapidly evolving neighborhood. The property's mid-block location provides access to both East Madison Street and 19th Avenue. Much of the adjacent Mount Zion Baptist Church property is undergoing redevelopment into apartments and townhomes, further indicating the area's growth trajectory.

Highlights

  • $2,750,000 asking price for a 2,802 SF mixed-use building (Retail, Multifamily, Office) in Seattle, WA.
  • NC3P-75 (M) zoning allows for boutique development in Capitol Hill.
  • Abundant nearby amenities include Trader Joe's, PCC, Safeway, and several parks.
  • Surrounded by diverse businesses including restaurants, bars, and boutiques.
  • Excellent location near downtown, light rail, and major educational institutions; future RapidRide G bus route (2024) will enhance accessibility.

Property Details for 1908 Madison St

Property type
Retail properties, Office properties
Square Feet
2,802 SF
Year Built
1901
Stories
2
Lot Size (sq. ft)
5,227 SF

Location Insight

City
Seattle
County
King
State
Washington
Latitude
47.6170927
Longitude
-122.3071856
1908 Madison St, Seattle, Washington

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1908 Madison St
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