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308 9Th AveSeattle, WA 98109

Prime South Lake Union location, 47,405 SF, 8 stories.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 47,405 square foot, eight-story commercial building is situated on a 0.16-acre lot in Seattle's vibrant South Lake Union neighborhood at 308 9th Ave N, zip code 98109. The property boasts a highly desirable SM-SLU 175/85-280 zoning designation, offering flexibility for various development options, including multifamily, life science, or hospitality uses, in addition to the existing office space. Currently, the building is fully occupied, generating a substantial in-place yield. Significant pre-development work, exceeding $1.4 million, has already been completed, including securing a Master Use Permit and preparing building permits for issuance, substantially reducing time to delivery and stabilization for a future developer. The property includes seven parking spaces. Its central location provides unparalleled access to public transportation, including bus routes, the Seattle Streetcar, light rail, Interstate 5, and Highway 99. The area is renowned for its walkability (Walk Score of 98), proximity to numerous amenities, restaurants, and the central business district, and is home to major employers in technology, life sciences, and other key industries. This presents a unique opportunity to capitalize on the strong existing yield while exploring future redevelopment potential to maximize returns. The King County APN is 198620-0160.

Highlights

  • 8-story, 47,405 SF commercial building on a 0.16-acre lot in Seattle's South Lake Union (308 9th Ave N, 98109).
  • Excellent access to public transit (buses, streetcar, light rail, I-5, Hwy 99).
  • Walk Score of 98, near amenities, restaurants, and the CBD.
  • Located in a dynamic area with major employers in tech, life sciences, and other key industries.

Property Details for 308 9Th Ave

Property type
Retail properties, Office properties
Square Feet
47,405 SF
Stories
8
Lot Size (sq. ft)
6,970 SF

Location Insight

City
Seattle
County
King
State
Washington
Latitude
47.6211837
Longitude
-122.3393708
308 9Th Ave, Seattle, Washington

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308 9Th Ave
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