2800 Madison StSeattle, WA 98112

Property Details for 2800 Madison St

Year built

1912

Construction

WOOD

Lot size

0.09 AC

Property size (Sq ft)

9,453 SF

Zone code

NC2P-55 (M)

Property type

Office buildings

APN

501600-1790

APU

5016001790

Description

This exceptional three-story, 8,819 square foot building, constructed in 1912 and renovated in 2014, offers multiple executive office suites for lease in Seattle's desirable Madison Valley neighborhood. Located at 2800 E Madison St, near 28th Ave E, this Class C property sits on a 0.09-acre lot and is zoned NC2P-55(M). Individual suites range from 282 to 831 contiguous square feet, with a total of 1,460 square feet currently vacant. The building features a mix of retail and office spaces, creating a vibrant and established community. Currently available are three private office suites, each offering natural daylight and access to shared amenities. Two suites are located on the second and third floors, ideal for small practices, therapists, or individual professionals. A street-level retail space is also available, perfect for a boutique or service-based retailer. The building's prime location provides easy access to Downtown Seattle, Bellevue, and the University District, all within a 15-minute commute. The strong existing tenant mix includes boutiques, therapists, and restaurants, creating a desirable and supportive professional environment. This property boasts stunning curb appeal and a prestigious address, making it a highly sought-after location for businesses seeking a thriving and convenient Seattle address. The King County property (APN: 5016001790) offers a unique opportunity to establish a presence in a vibrant and established neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $2,558,005

  6.5%

  $2,361,236

  7%

  $2,192,576

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,534,954

  Geo Method

  $1,820,459

• Alternative Use

  Use

  Valuation

  Residential

  $2,927,932

  Hospitality

  $2,681,970

  Educational

  $2,231,368

  Medical

  $2,308,108

  Retail

  $3,471,016

Location Insight

City

Seattle

County

King

State

Washington

Latitude

47.6237

Longitude

-122.296

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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