2200-2204 1St Ave Seattle, WA 98109

This property presents a value-add investment opportunity in the heart of the Belltown neighborhood, located three blocks north of Pike Place Market. The corner parcel spans 6,660 square feet and features a three-story building with 9,990 gross square feet. The building currently houses 13 living units, offering versatility to remain as multifamily residential units or be converted for hotel use. Each unit includes a private kitchen and bathroom. The street-level retail space can be adapted into a hotel lobby or other uses, or continue as a convenience store. The lower level provides shared laundry services, storage closets, a utility room, and a small shop area. The property includes 9 on-site surface parking stalls. The building is a charming brick structure that underwent a near-full renovation in 1980 and has a newer roof. The property benefits from a highly visible corner location at the intersection of 1st Avenue and Blanchard Street. Its central location offers significant utility with existing improvements and strong potential for high-rise zoned redevelopment in the near or long term, especially with its proximity to the redesigned Seattle Waterfront, Pike Place Market, the Seattle Center, and the Space Needle. The property is also located four blocks from Seattle’s new Billion Dollar waterfront renovation.