2764 1St AveSeattle, WA 98134

Property Details for 2764 1St Ave

Year built

1946

Construction

CONCRETE

Lot size

0.62 AC

Property size (Sq ft)

15,360 SF

Zone code

IG2 U/85

Property type

Retail properties

Property subtype

Banks

APN

766620-6055

APU

7666206055

Description

This exceptional commercial property offers a unique opportunity to lease a versatile space ideal for executive offices or retail use. Located in a high-traffic area, this lower-level suite boasts a generous 4,812 square feet of usable space within a larger building totaling 15,000 square feet. The building currently features multiple tenants, creating a vibrant and dynamic environment. The available space is perfect for businesses seeking a prominent location with ample room for growth and expansion. While the building does not have elevators, the lower-level access is convenient and easily accessible. The property's classification as Retail, Office, and Special Purpose highlights its adaptability to a wide range of business needs. The overall building is well-maintained and offers a professional atmosphere. This is a rare opportunity to secure a substantial space in a desirable location, with the flexibility to customize the layout to meet your specific requirements. A total of 6,269 square feet is currently vacant within the 15,000 square foot building, presenting additional expansion possibilities for the right tenant. The property's strategic location and versatile nature make it an attractive option for businesses seeking a high-visibility presence. Contact us today to schedule a viewing and explore the possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $6,109,987

  6.5%

  $5,639,988

  7%

  $5,237,132

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,379,876

  Geo Method

  $7,454,232

• Alternative Use

  Use

  Valuation

  Residential

  $4,757,541

  Hospitality

  $4,357,882

  Educational

  $3,625,706

  Medical

  $3,750,400

  Retail

  $5,639,988

Location Insight

City

Seattle

County

King

State

Washington

Latitude

47.5781

Longitude

-122.334

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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