701 Dexter AveSeattle, WA 98109

Property Details for 701 Dexter Ave

Year built

1984

Construction

CONCRETE

Lot size

0.62 AC

Property size (Sq ft)

95,721 SF

Zone code

SM-SLU 175/85-280

Property type

Office properties

Property subtype

Office buildings

APN

224900-0245

APU

2249000245

Description

This exceptional Class A medical office building, located at 701 Dexter Ave N in Seattle's Lake Union submarket, offers 227,000 square feet of prime, fully vacant space. Completed in 2025, this single, eleven-story building presents a unique opportunity for a single tenant or multiple tenants seeking a modern, efficient workspace. The property is zoned SMSLLU and is situated in King County, WA, zip code 98109. The building features modern amenities including elevators. Space is divisible down to 20,000 square feet, offering flexibility for various needs, with a maximum contiguous space of 227,000 square feet. The property is ideal for medical office use, including lab space, and presents a blank canvas for a discerning tenant to customize to their specific requirements. With its prime location in the vibrant Lake Union area, this property offers unparalleled access to amenities and transportation. This is a rare opportunity to secure a substantial, state-of-the-art medical office building in a highly desirable Seattle location. The building boasts a single tenancy, allowing for complete control and customization. Contact us today to learn more about this exceptional property.

• CAP approach

  CAP return

  Valuation

  6%

  $25,902,338

  6.5%

  $23,909,850

  7%

  $22,202,004

• Comparable approach

  Method

  Valuation

  Relative Method

  $25,668,922

  Geo Method

  $18,433,950

• Alternative Use

  Use

  Valuation

  Residential

  $29,648,214

  Hospitality

  $27,157,606

  Educational

  $22,594,808

  Medical

  $23,371,878

  Retail

  $35,147,480

Location Insight

City

Seattle

County

King

State

Washington

Latitude

47.6257

Longitude

-122.343

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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