Capitol Hill Land Assemblage
110 Summit Ave E & 1611 E Olive Way, Seattle, WA 98102
Prime corner properties in Capitol Hill's retail core.
Type:Development Site
Property size:
12,850 SFPrice / SF:
$307/SF- Added:
- Nov 21, 2025
- Days on Market:
- 183
- Last Refresh:
- Dec 3 at 6:07 am
Property Features for 110 Summit Ave E & 1611 E Olive Way
General Information
- Standard status
- Active
- Size
- 12,850 SF
- Property subtype
- Development Site
Listing agent Dean Altaras (425) 586-5613
Listing office NAI Puget Sound Properties (425) 586-5613
Listing date Nov 21, 2025
Source Naiglobal
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 NAI Puget Sound Properties
HighLights
- Prime Capitol Hill location in a high‑density, vibrant commercial core.
- Excellent transit access: near Link Light Rail, Seattle Streetcar, and numerous bus routes.
- Significant near‑term revenue upside due to below‑market rents and potential for future redevelopment.
- Offered at a price below current assessed value.
- Combined properties offer corner locations with street frontage on two sides, maximizing natural light and view potential.
- Total assemblage of 12,850 SF with a triangular configuration.
Overview
Located in the heart of the retail and commercial core of Seattle's Capitol Hill neighborhood, the combined properties at 110 Summit Ave E and 1611 E Olive Way offer a unique investment or owner/user opportunity. The assemblage totals 12,850 square feet, with individual parcel sizes of 6,950 square feet and 5,900 square feet respectively. Situated on a major commercial corridor within a high-density and vibrant community, these adjacent corner properties feature street frontage on two sides, maximizing natural light and view potential. The site slopes gently downward from east to west. The location is transit-oriented, with proximity to the Capitol Hill Link Light Rail and Seattle Streetcar stations, as well as numerous bus routes, providing access to employment centers such as the Seattle Central Business District, South Lake Union, the University of Washington, and the First Hill medical community. The properties are also near Cal Anderson Park. All necessary utilities appear to be available to the site. The assembled sites have a triangular configuration. The current zoning for 110 Summit Ave E is NC3-75 (M), and for 1611 E Olive Way, it is NC3P-75 (M).
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Seattle
- County
- King
- State
- Washington
- Longitude
- -122.338042
- Latitude
- 47.61258
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - Prime corner properties in Capitol Hill's retail core.
Where is this commercial land located?
The property is located at 110 Summit Ave E & 1611 E Olive Way Seattle, WA.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: Prime Capitol Hill location in a high‑density, vibrant commercial core.; Excellent transit access: near Link Light Rail, Seattle Streetcar, and numerous bus routes.; Significant near‑term revenue upside due to below‑market rents and potential for future redevelopment.
