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    412 7Th Ave S Seattle, WA 98104

    For Sale
    $3,290,000

    Redevelopment property in Seattle's Chinatown International District.

    Property size:
    29,816 SF

    Property Features for 412 7Th Ave S

    General Information

    Size
    29,816 SF

    Building Details

    Year built
    1910

    Source: LEE & ASSOCIATES COMMERCIAL REAL ESTATE SERVICES Agent STREN LEA

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

    Overview

    Seattle Redevelopment Opportunity Zone Property

    This redevelopment property is located at 416 7th Avenue South in Seattle, WA, situated in the heart of Seattle’s vibrant Chinatown International District. The property, with a size of 29816 square feet, presents an opportunity to revitalize a neighborhood classic and contribute to one of Seattle’s most culturally rich and dynamic neighborhoods. It is a fully-permitted, renovation-ready shell building. The location is steps away from stadiums, light rail, and regional rail in the Chinatown International District. The property is located in an Opportunity Zone and has excellent potential for a NOAH conversion or LIHTC development.
    Location Intelligence

    Current Use by Public Records

    Republic Hotel Historical Landmark

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.3235623
    Latitude
    47.5987191

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    FAQs

    What type of property is this?
    Opportunity zone commercial real estate - Redevelopment property in Seattle's Chinatown International District.
    Where is this opportunity zone commercial real estate located?
    The property is located at 412 7Th Ave S Seattle, WA.
    What is the asking price?
    The asking price for this property is $3,290,000.
    What are key features of this property?
    This property features: - Fully-Permitted, Renovation-Ready Shell Building.; - Located in the Heart of Seattle’s Chinatown International District.; - Steps Away From Stadiums, Light Rail & Regional Rail.
    Request Owner's contact information
    412 7Th Ave S Seattle, WA 98104
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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
    412 7Th Ave S Seattle, WA 98104
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