207 1St AveSeattle, WA 98104

Property Details for 207 1St Ave

Year built

1900

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.08 AC

Property size (Sq ft)

13,370 SF

Zone code

PSM-100

Property type

Office buildings

APN

524780-0120

APU

5247800120

Description

This exceptional Seattle commercial property, the Skagit Building, offers a unique blend of historic charm and modern functionality. Located at 207 1st Ave S, in the vibrant 98104 zip code, this three-story building boasts 13,370 total square feet and is classified as a Class B property. Originally constructed in 1900 and renovated in 1975, the building retains its character with high ceilings and exposed brick walls, creating a desirable creative office environment. The property is currently configured for multiple tenants and offers flexible lease options. Two spaces are immediately available, with a minimum leasable area of 1,201 square feet and a maximum of 2,875 square feet. The building's prime location in Seattle, Washington, provides excellent access to transportation and amenities. The property's classification as both Executive and Creative Office space makes it ideal for a variety of businesses seeking a unique and inspiring workspace. Currently, 1,201 square feet of space is vacant and ready for immediate occupancy. This is a rare opportunity to secure office space in a historic Seattle building with significant character and modern conveniences. Inquire today to learn more about leasing options and explore the possibilities this property offers.

• CAP approach

  CAP return

  Valuation

  6%

  $3,617,955

  6.5%

  $3,339,651

  7%

  $3,101,104

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,585,352

  Geo Method

  $2,574,794

• Alternative Use

  Use

  Valuation

  Residential

  $4,141,167

  Hospitality

  $3,793,286

  Educational

  $3,155,970

  Medical

  $3,264,508

  Retail

  $4,909,286

Location Insight

City

Seattle

County

King

State

Washington

Latitude

47.6006

Longitude

-122.335

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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