221 1St AveSeattle, WA 98119

Property Details for 221 1St Ave

Year built

1970

Construction

CONCRETE

Lot size

0.33 AC

Property size (Sq ft)

76,213 SF

Zone code

SM-UP 85 (M)

Property type

Office buildings

APN

198920-0850

APU

1989200850

Description

This exceptional Seattle office property, located at 221 1st Ave W, offers 19,871 square feet of versatile workspace in King County. The building comprises 350 suites, with a minimum divisible space of 10 square feet and a maximum contiguous space of 1,300 square feet. This location caters to a variety of business needs, offering traditional office spaces, executive suites, coworking areas, medical offices, and creative office layouts. Tenancy is multiple, allowing for flexibility in lease terms and space requirements. Businesses can choose from fully furnished and equipped private offices, scalable to accommodate teams of any size, from a single person to a large corporation. The property also provides coworking options, ranging from dedicated desks to hot-desking arrangements. Meeting rooms are available for short-term or long-term use, equipped with Wi-Fi and presentation technology. Virtual office solutions are also offered, including business addresses, mail handling, and virtual assistant services. Flexible working plans provide access to a global network of workspaces, allowing for seamless transitions between locations. This property presents a unique opportunity for businesses seeking a dynamic and adaptable workspace in the heart of Seattle. The zip code is 98119.

• CAP approach

  CAP return

  Valuation

  6%

  $20,623,426

  6.5%

  $19,037,008

  7%

  $17,677,222

• Comparable approach

  Method

  Valuation

  Relative Method

  $20,437,580

  Geo Method

  $14,677,100

• Alternative Use

  Use

  Valuation

  Residential

  $23,605,890

  Hospitality

  $21,622,868

  Educational

  $17,989,972

  Medical

  $18,608,676

  Retail

  $27,984,402

Location Insight

City

Seattle

County

King

State

Washington

Latitude

47.6205

Longitude

-122.358

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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Please email our support team at [email protected] and they will add the team member.

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