506 2Nd AveSeattle, WA 98104

Property Details for 506 2Nd Ave

Year built

1958

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.17 AC

Property size (Sq ft)

6,720 SF

Zone code

SM-UP 85 (M1)

Property type

Office properties

Property subtype

Office buildings

APN

199020-0410

APU

1990200410

Description

This Class A, 22,056 square foot office building, located at 506 Second Avenue Suite 1400, Seattle, WA 98104, in King County, offers a variety of flexible workspace solutions. The 2019 renovated Smith Tower, a designated Seattle landmark, boasts Neoclassical architecture with a granite and terracotta exterior, floor-to-ceiling windows, and elegant wooden interior styling. The building features 350 suites, with a minimum divisible space of 10 square feet and a maximum contiguous space of 1,300 square feet

• CAP approach

  CAP return

  Valuation

  6%

  $1,818,448

  6.5%

  $1,678,568

  7%

  $1,558,670

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,802,062

  Geo Method

  $1,294,138

• Alternative Use

  Use

  Valuation

  Residential

  $2,081,424

  Hospitality

  $1,906,573

  Educational

  $1,586,247

  Medical

  $1,640,800

  Retail

  $2,467,495

Location Insight

City

Seattle

County

King

State

Washington

Latitude

47.6236

Longitude

-122.359

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].