114 Canal StSeattle, WA 98107

Property Details for 114 Canal St

Year built

2017

Construction

WOOD

Lot size

0.07 AC

Property size (Sq ft)

5,242 SF

Zone code

IG2 U/65

Property type

Office properties

Property subtype

Office buildings

APN

197220-4235

APU

1972204235

Description

This exceptional 4,950 square foot Class A creative office building, constructed in 2017, is situated at 114 NW Canal St in Seattle's vibrant Fremont neighborhood. The single, four-story building boasts unobstructed water views of the Fremont Canal from every floor, providing a stunning and inspiring work environment. Located on a quiet lane, it offers easy access to the Burke-Gilman Trail, public transit (one block away), and is just ten minutes from Downtown Seattle, making it extremely bike-friendly and centrally located. The 3,000 square foot lot includes ground-floor retail frontage along the Burke-Gilman Trail, presenting potential for mixed-use development. The interior features an open floor plan designed to foster collaboration, punctuated by thoughtfully placed conference rooms, hospitality areas, and modular meeting spaces. Quiet zones are also incorporated to accommodate individual work needs. Built with energy efficiency in mind, this property offers abundant natural light and a flexible layout suitable for diverse business needs and team sizes. The property's APN is 197220-4235.

• CAP approach

  CAP return

  Valuation

  6%

  $1,418,498

  6.5%

  $1,309,383

  7%

  $1,215,856

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,405,716

  Geo Method

  $1,009,504

• Alternative Use

  Use

  Valuation

  Residential

  $1,623,635

  Hospitality

  $1,487,241

  Educational

  $1,237,367

  Medical

  $1,279,922

  Retail

  $1,924,793

Location Insight

City

Seattle

County

King

State

Washington

Latitude

47.6525

Longitude

-122.358

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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