2230 8Th AveSeattle, WA 98121

Property Details for 2230 8Th Ave

Year built

1966

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.15 AC

Property size (Sq ft)

9,540 SF

Zone code

DMC 240/290-440

Property type

Retail space

APN

066000-0445

APU

660000445

Description

This exceptional two-story commercial building, totaling 10,100 square feet, is ideally situated in the vibrant South Lake Union/Denny Triangle submarket at 2230 8th Ave, with convenient access to Bell St. Built in 1966 and extensively renovated in 2009, this property offers a unique blend of retail and office space, currently configured for multiple tenants. The building sits on a 0.15-acre lot and features impressive 12-foot ceilings, showcasing its potential for a variety of uses. Currently, one retail space is available, ranging from 5,050 to 10,100 square feet, presenting a fantastic opportunity for a single tenant to occupy the entire building or for multiple tenants to share the space. The zoning designation is DMC-240/290-440. The building's former showroom build-out provides a turnkey solution, minimizing upfront investment and allowing for immediate occupancy. This is a rare opportunity to acquire a well-maintained, strategically located property in one of Seattle's most sought-after commercial districts. The property's combination of size, location, and recent renovations makes it an attractive investment for both established businesses and new ventures.

• CAP approach

  CAP return

  Valuation

  6%

  $3,794,875

  6.5%

  $3,502,961

  7%

  $3,252,750

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,446,876

  Geo Method

  $4,629,778

• Alternative Use

  Use

  Valuation

  Residential

  $2,954,879

  Hospitality

  $2,706,653

  Educational

  $2,251,904

  Medical

  $2,329,350

  Retail

  $3,502,961

Location Insight

City

Seattle

County

King

State

Washington

Latitude

47.6181

Longitude

-122.34

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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