1424 4Th AveSeattle, WA 98101

Property Details for 1424 4Th Ave

Year built

1926

Construction

CONCRETE

Lot size

0.28 AC

Property size (Sq ft)

132,326 SF

Zone code

DRC 85-170

Property type

Office buildings

APN

197570-0235

APU

1975700235

Description

4Pike, located at 1424 4th Ave in Seattle's vibrant downtown core (zip code 98101, King County, WA), offers a unique opportunity to lease exceptional office space. This 97,976 square foot building is currently undergoing a complete renovation by LBA Realty, with design by Olson Kundig Architects. The renovation encompasses significant exterior upgrades, including improvements to the lower facade and overhangs, creating a modern and inviting street presence. The historic character of the lobby will be preserved while receiving updated finishes for a brighter, more welcoming atmosphere. New, building-standard restrooms will be installed throughout. A key feature of the renovation is the addition of a fifth-floor amenity center, complete with a conference area and an outdoor deck, providing tenants and guests with a valuable shared space. The open floorplates offer maximum flexibility for tenant build-outs, allowing for dynamic space creation to suit diverse business needs. The building's core and shell will be completely overhauled to meet modern construction standards, including a comprehensive review and upgrade of seismic and building systems. Spaces range from a minimum of 1,764 square feet to a maximum contiguous space of 78,090 square feet, accommodating businesses of various sizes. Multiple tenancy options are available. This is a rare chance to secure prime office space in a landmark building undergoing a transformative renovation.

• CAP approach

  CAP return

  Valuation

  6%

  $35,807,740

  6.5%

  $33,053,300

  7%

  $30,692,350

• Comparable approach

  Method

  Valuation

  Relative Method

  $35,485,064

  Geo Method

  $25,483,342

• Alternative Use

  Use

  Valuation

  Residential

  $40,986,092

  Hospitality

  $37,543,040

  Educational

  $31,235,368

  Medical

  $32,309,600

  Retail

  $48,588,352

Location Insight

City

Seattle

County

King

State

Washington

Latitude

47.6101

Longitude

-122.336

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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