Turnkey Self-Storage
For Sale
Contact for pricing
11 Vine Street, Seattle, WA 98121
Turnkey storage spans two contiguous parcels, with additional vacant office space for lease-up or storage conversion.
Property Size74,980 SF
Days on Market57
Property Features for 11 Vine Street
General Information
Standard status
Active
Size
74,980 SF
Property subtype
Office, Land, Self Storage
Zoning
DH2/75
Investment Type
Value Add
Net Operating Income
$540,000
Building Details
Year Built
1910
Year Renovated
2006
Buildings
2
Stories
3
Units
4
Listing Agency:
CenturyPacific, LLLP
Listed By:
Michael A. Odegard · License #WA 111102
Source:
Crexi
Added: Jun 16
Changed: Aug 8
Last Checked: Aug 8 at 7:58AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CenturyPacific, LLLP
Investment Insights
Based on property information with market context.
The property at 11 Vine Street / 2501 Elliott Avenue comprises two contiguous parcels totaling approximately 28,801 square feet of land, improved with 74,980 square feet of space in Seattle’s Belltown neighborhood. A 39,298-square-foot turnkey self-storage facility spans all of 11 Vine Street and the ground floor of 2501 Elliott Avenue. The offering also includes vacant office space totaling approximately 29,922 square feet across floors 2 through 4 of 2501 Elliott Avenue.
The storage facility is delivered as an operational asset, and the remaining office component provides flexibility for an owner seeking to lease space or convert it to additional storage. Elliott Avenue frontage and the contiguous footprint support an integrated site design, while the property is described as having strong connectivity to Downtown Seattle, Interbay, and Ballard.
From an operator or buyer perspective, this configuration supports both near-term and longer-term planning: the existing self-storage use provides a base of operations, and the vacant office area can be evaluated for continued office leasing or conversion to storage to build a more cohesive offering. The seller’s materials also reference an anticipated NOI of $540,000 associated with recent rate increases.
The storage facility is delivered as an operational asset, and the remaining office component provides flexibility for an owner seeking to lease space or convert it to additional storage. Elliott Avenue frontage and the contiguous footprint support an integrated site design, while the property is described as having strong connectivity to Downtown Seattle, Interbay, and Ballard.
From an operator or buyer perspective, this configuration supports both near-term and longer-term planning: the existing self-storage use provides a base of operations, and the vacant office area can be evaluated for continued office leasing or conversion to storage to build a more cohesive offering. The seller’s materials also reference an anticipated NOI of $540,000 associated with recent rate increases.
Key Highlights
- 39,298 SF turnkey self‑storage facility spanning 11 Vine St and the ground floor of 2501 Elliott Ave
- Total land area across two contiguous parcels is approximately 28,801 SF
- Improved with 74,980 SF in Seattle’s Belltown neighborhood
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,122
Businesses Nearby
Explore this area
Business Placement
Demographics for 98121, WA
21,411
Population
15,781
Households
1.4
Avg Household Size
35
Median Age
78%
College-Educated
98%
High-School Grad
0.4 sq mi
ZIP Area
53,528
Density / Sq Mi
$148,974
Median Household Income
$118,893
Median Earnings
$2,329
Median Rent
$796,600
Median Home Value
Market
Vacancy Rate% for Office in Seattle, WA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - Turnkey storage spans two contiguous parcels, with additional vacant office space for lease-up or storage conversion.
Where is this self storage facility located?
The property is located at 11 Vine Street Seattle, WA.
What are key features of this property?
This property features: 39,298 SF turnkey self‑storage facility spanning 11 Vine St and the ground floor of 2501 Elliott Ave; Total land area across two contiguous parcels is approximately 28,801 SF; Improved with 74,980 SF in Seattle’s Belltown neighborhood
