For Sale
$8,650,000

1123 1St AveSeattle, WA 98101

Luxury retail condo, high occupancy, strong cash flow.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 22,493 square foot storefront retail condominium, located at 1123 1st Ave in Seattle, WA 98101, presents a compelling investment opportunity. Built in 1902, this architectural gem boasts an irreplaceable location within a vibrant Seattle submarket. Currently operating at 57% occupancy, the property offers immediate cash flow from existing tenants, alongside significant upside potential through further leasing of the available suites. The asking price is $8,650,000, translating to a price per square foot of $384.56. This eight-suite retail condominium provides investors with a blend of established income and the chance to capitalize on the strong leasing momentum in this desirable area. The property's inherent beauty and prime location combine to create a truly unique investment prospect with lasting value. King County location ensures access to a robust and growing consumer base. This is a rare chance to acquire a piece of Seattle's rich history while securing a strong financial return. The property's strong in-place cash flow and leasing potential make it an attractive investment for discerning buyers.

Highlights

  • Prime location and attractive design.
  • Stable, positive cash flow.
  • High occupancy with significant rental growth opportunities.

Property Details for 1123 1St Ave

Property type
Retail properties, Retail space
Square Feet
22,493 SF
Year Built
1902

Location Insight

City
Seattle
County
King
State
Washington
Latitude
47.6059149
Longitude
-122.337627
1123 1St Ave, Seattle, Washington

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1123 1St Ave
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