1730 Minor AveSeattle, WA 98101

Property Details for 1730 Minor Ave

Year built

1988

Construction

STEEL FRAME

Lot size

0.98 AC

Property size (Sq ft)

497,513 SF

Zone code

DMC 340/290-440

Property type

Office buildings

APN

066000-2410

APU

660002410

Description

This exceptional 3,619 square foot restaurant space is situated on the ground floor of the MetPark East office tower in Downtown Seattle's vibrant retail district. Boasting a desirable outdoor patio, this property benefits from its strategic location at the intersection of Capitol Hill, South Lake Union, and the city's core retail area. Within walking distance are renowned restaurants, entertainment venues, and shopping destinations such as the Paramount Theatre and Pacific Place, with proximity to the Convention Center expansion. The building, constructed in 1988 and renovated in 2006, is a 20-story structure encompassing 497,513 square feet on a 42,689 square foot lot. Its location offers convenient access to I-5 (northbound, southbound, and express lanes) and various public transportation options. On-site parking is available. The surrounding area is densely populated with professionals and residents, supporting a thriving mix of restaurants and shops. A Type 1 Hood is included. The property is zoned DMC and its King County APN is 0660002410. This location is surrounded by major employers, with nearly 200,000 employees within a one-mile radius. Seattle's robust tech sector, adding over 48,000 jobs in the last five years, fuels a strong local economy. Average household incomes within a one-mile radius surpass $125,000, contributing to the success of approximately 170 new street-level businesses that have opened downtown in the past year. This presents a unique opportunity for a retailer to establish a presence in a high-demand, high-traffic area.

• CAP approach

  CAP return

  Valuation

  6%

  $134,628,240

  6.5%

  $124,272,224

  7%

  $115,395,632

• Comparable approach

  Method

  Valuation

  Relative Method

  $133,415,056

  Geo Method

  $95,811,056

• Alternative Use

  Use

  Valuation

  Residential

  $154,097,552

  Hospitality

  $141,152,528

  Educational

  $117,437,248

  Medical

  $121,476,096

  Retail

  $182,680,160

Location Insight

City

Seattle

County

King

State

Washington

Latitude

47.6169

Longitude

-122.33

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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