2900 1St AveSeattle, WA 98121

Property Details for 2900 1St Ave

Year built

1909

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.21 AC

Property size (Sq ft)

16,200 SF

Zone code

IG2 U/85

Property type

Office properties

Property subtype

Office buildings

APN

766620-5950

APU

7666205950

Description

This exceptional 2,059-square-foot commercial property, located at 2900 1st Avenue in Seattle, Washington, presents a unique opportunity for a single-tenant retail or restaurant business. Situated in King County, zip code 98121, this property boasts a highly desirable location with excellent visibility and accessibility. The building is currently vacant, offering immediate occupancy for a prospective tenant. The space is classified as both retail and restaurant-suitable, providing flexibility for a variety of uses. Ample parking is available with 75 spaces provided for customers and employees. The property's single-tenant occupancy ensures a streamlined and efficient operation. This is a rare opportunity to secure a substantial commercial space in a thriving Seattle neighborhood. The building's total square footage is 2,059 square feet, all of which is currently available for lease. The property's address is 2900 1st Avenue, Seattle, WA 98121. Its geographic coordinates are latitude 47.6175066 and longitude -122.352942. This location offers significant potential for a business seeking a prominent presence in a busy area of Seattle. The property is categorized as both commercial and an apartment building, suggesting potential for mixed-use development, although currently configured as a single-tenant space. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $4,383,760

  6.5%

  $4,046,548

  7%

  $3,757,508

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,344,256

  Geo Method

  $3,119,796

• Alternative Use

  Use

  Valuation

  Residential

  $5,017,719

  Hospitality

  $4,596,204

  Educational

  $3,823,988

  Medical

  $3,955,500

  Retail

  $5,948,425

Location Insight

City

Seattle

County

King

State

Washington

Latitude

47.5775

Longitude

-122.334

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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