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Eastlake Office Building Development Potential
For Sale
$1,600,000
Pending

207 Edgar St, Seattle, WA 98102

Eastlake office building with development potential, delivered vacant.

Property SizeContact for details
Days on Market569

Property Features for 207 Edgar St

General Information

Standard status Pending
Property subtype Commercial

Building Details

Year Built 1915
Listing Agency: PARAGON REAL ESTATE ADVISORS
Listed By: BRIAN PLATT
Source: Corcoran
Added: Jan 28, 2025 Changed: Jul 6 Last Checked: Jul 23 at 8:31AM

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 PARAGON REAL ESTATE ADVISORS

Investment Insights

Based on property information with market context.

This is a 4,660 square foot, three-story office building situated on a 5,500-square-foot lot. The property is located in a prime Eastlake Avenue location and has NC2-65(M2) zoning. The site's size and zoning could allow for the construction of up to five townhouses, pending buyer verification. The property provides views of Lake Union, Gas Works Park, and the Olympic Mountains. The location offers access to Downtown Seattle, the University District, and major tech hubs. The building will be delivered vacant, making it suitable for an owner/user. The property has development potential.

Key Highlights

  • Delivered Vacant: Ideal for owner/user with immediate occupancy.
  • Significant Development Potential: NC2‑65(M2) zoning on a 5,500 SF lot.
  • Prime Eastlake Avenue Location: Highly desirable area with urban convenience.

Property Analytics

Current Use

Anderson, Fields & McIlwain, ... Law Firm H. Michael Finesilver Law Firm Niblack James M Law Firm

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Grocery & Convenience Store Electrical Service Locksmith Bakery Cosmetic Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,754
Businesses Nearby

Demographics for 98102, WA

25,066
Population
17,944
Households
1.4
Avg Household Size
34
Median Age
79%
College-Educated
99%
High-School Grad
1.3 sq mi
ZIP Area
19,282
Density / Sq Mi
$114,395
Median Household Income
$80,130
Median Earnings
$1,920
Median Rent
$988,700
Median Home Value

Market

Vacancy Rate% for Office in Seattle, WA

8.5% 2019
13.4% 2020
17.6% 2021
19.5% 2022
24.3% 2023
30% 2024
32.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office building - Eastlake office building with development potential, delivered vacant.
Where is this office building located?
The property is located at 207 Edgar St Seattle, WA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Delivered Vacant: Ideal for owner/user with immediate occupancy.; Significant Development Potential: NC2‑65(M2) zoning on a 5,500 SF lot.; Prime Eastlake Avenue Location: Highly desirable area with urban convenience.
More about this property
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