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    512 1St Ave S Seattle, WA 98104

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    For Sale
    $925,000

    Classic brick condo in vibrant Pioneer Square neighborhood.

    Property size:
    2,925 SF

    Property Features for 512 1St Ave S

    General Information

    Size
    2,925 SF

    Building Details

    Year built
    1909

    Source: WEST COAST COMMERCIAL REALTY, LLC Agent BLAKE TAYLOR

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

    Overview

    Pioneer Square Commercial Condo

    Located in Seattle's historic Pioneer Square neighborhood, The Florentine was built in 1909 and converted to condominiums in 1991. Unit 520-C is a ground-floor commercial condominium currently owner-occupied as office/retail space. The property features soaring ceilings and large window frontage. The unit includes 3 secure parking stalls. The surrounding area includes art galleries, restaurants, cafes, and boutiques. It is located steps from the stadiums, parks, light rail, ferry terminal and new Seattle waterfront. The property size is 2925 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Namaste Children’s Fund Non-Profit Organization Donald Cole Artist ArtX Contemporary Art Gallery Banfield Pet Hospital Veterinarian

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.3552305
    Latitude
    47.6237274

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    FAQs

    What type of property is this?
    Office space - Classic brick condo in vibrant Pioneer Square neighborhood.
    Where is this office space located?
    The property is located at 512 1St Ave S Seattle, WA.
    What is the asking price?
    The asking price for this property is $925,000.
    What are key features of this property?
    This property features: - Prime Pioneer Square location: heart of the neighborhood, surrounded by amenities.; - Unique classic brick commercial condominium.; - Soaring ceilings and large window frontage.
    Request Owner's contact information
    512 1St Ave S Seattle, WA 98104
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    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
    512 1St Ave S Seattle, WA 98104
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