3257 16Th AveSeattle, WA 98119

Property Details for 3257 16Th Ave

Year built

1992

Construction

CONCRETE

Lot size

0.41 AC

Property size (Sq ft)

26,389 SF

Zone code

IG2 U/45

Property type

Office properties

Property subtype

Other office properties

APN

277060-2690

APU

2770602690

Description

The Trey Building, a three-story, 26,389 square foot office building in Seattle's Interbay neighborhood, offers a unique opportunity for businesses seeking executive, coworking, or creative office space. Currently, 14,750 square feet is available, with a minimum divisible space of 7,375 square feet and a maximum contiguous space of 11,639 square feet. This stand-alone building sits on an 18,000 square foot lot and boasts ample parking. The available space, located on the third floor, includes multiple private offices, a conference room, restrooms, a kitchenette, and a breakroom. The building is fully sprinklered and equipped with 120/208v and 277/480v power, along with elevators for convenient access to all floors. Its IG2 U/45 zoning allows for a variety of uses. The building enjoys excellent visibility and signage opportunities due to its location on 16th Ave W, just south of the Ballard Bridge and between Magnolia and Queen Anne, offering easy access to major transportation routes. A significant advantage is its proximity to the future Seattle Storm practice facility across the street. This property presents a compelling opportunity for businesses seeking a high-profile location in a thriving Seattle neighborhood. The address is 3257 16th Ave W, Seattle, WA 98119, within King County.

• CAP approach

  CAP return

  Valuation

  6%

  $7,140,928

  6.5%

  $6,591,626

  7%

  $6,120,796

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,076,578

  Geo Method

  $5,081,994

• Alternative Use

  Use

  Valuation

  Residential

  $8,173,616

  Hospitality

  $7,486,988

  Educational

  $6,229,086

  Medical

  $6,443,314

  Retail

  $9,689,690

Location Insight

City

Seattle

County

King

State

Washington

Latitude

47.65

Longitude

-122.378

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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