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.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
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
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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