207 1St AveSeattle, WA 98104
- Office properties
- 13,370 SF
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 properties
- Property subtype
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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- Please email our support team at [email protected] and they will add the team member.
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