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    213 1St Ave S Seattle, WA 98104

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    For Sale
    $5,200,000

    Turnkey mixed-use property in Seattle's Pioneer Square with steady income.

    Property Features for 213 1St Ave S

    General Information

    Standard status
    Active

    Building Details

    Year built
    1900

    Source: COMPASS WASHINGTON Agent BEN KAUFMAN

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Pioneer Square Mixed-Use Property

    This mixed-use property, constructed in 1900, is located in Seattle's Pioneer Square. The four-story building features a blend of historic character and modern enhancements. The residential section includes 13 units: four penthouses with rooftop decks, four lofts, four micro lofts, and one studio. Units feature open layouts, contemporary finishes, and hardwood flooring. On-site laundry and an elevator service all four floors. The ground level contains two fully leased retail spaces. The property is situated on 1st Street and has a Walk Score of 96.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Chapel Lounge Lounge

    Suggested Use

    Realty agency Spa & Massage Hair Salon Nail Salon Dental Office Restaurant Building Supply Daycare Center Gym & Fitness Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.334591
    Latitude
    47.6003418

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    FAQs

    What type of property is this?
    Mixed-use property - Turnkey mixed-use property in Seattle's Pioneer Square with steady income.
    Where is this mixed-use property located?
    The property is located at 213 1St Ave S Seattle, WA.
    What is the asking price?
    The asking price for this property is $5,200,000.
    What are key features of this property?
    This property features: - Turnkey mixed-use property in Pioneer Square, offering immediate returns and future growth potential.; - Features 13 residential units including 4 upscale penthouses with rooftop decks.; - Two fully leased retail spaces on the ground level provide steady cash flow.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    213 1St Ave S Seattle, WA 98104
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