Capitol Hill Industrial Building For
1420 Broadway Seattle, WA 98122
1420 Broadway, Seattle, WA, 98122
$2,900,000
For Sale
$2,900,000
Versatile industrial building in Capitol Hill, suitable for various uses.
Property Size10,680 SF
Lot Size0.18 Acres
Price / SF$271.54
Days on Market469
Property Features for 1420 Broadway
General Information
- Standard status
- Active
- Size
- 10,680 SF
- Lot size
- 0.18 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1904
Listing Agency
EWING & CLARK, INC.
(206) 441-7900
Listed by
ANDY RANDLES
Source
Corcoran
Added: Apr 8, 2025 Updated: Jul 10 at 3:46 pm Checked: Jul 20 at 4:12 am
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 EWING & CLARK, INC.
Investment Insights
Based on property information with market context.
The property at 1420 Broadway Ave is a 10,680 square foot industrial building situated on a 7,680 square foot lot in Capitol Hill. The building, formerly a glass repair facility, is suitable for light manufacturing, automotive services, or general trade use. The property is zoned NC3P-75 (M), offering long-term redevelopment potential. The location provides convenient access to the Capitol Hill light rail station, First Hill streetcar, Seattle University, QFC, and regional hospitals. This property presents an opportunity for an owner-user to acquire a well-located and versatile industrial building.
Key Highlights
- Excellent location in the heart of Capitol Hill.
- Versatile 10,680 SF industrial building suitable for various uses.
- Zoned NC3P‑75 (M) offering long‑term redevelopment potential.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $149.9k | $14.04 |
| − Vacancy | −$11.8k | −$1.11 |
| EGI | $138.1k | $12.93 |
| − OpEx | −$20.7k | −$1.94 |
| NOI | $117.4k | $10.99 |
10,680 SF · lease $14.04/SF/yr · vacancy 7.90% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.68M
$1.47M – $1.96M
NOI $117,386 @ 7.0% cap · market cap 4.05%
Second Best
Industrial
$1.38M
$1.21M – $1.61M
NOI $96,671 @ 7.0% cap · market cap 3.33%
Theoretical Best
Office A
$3.21M
$2.81M – $3.75M
NOI $224,918 @ 7.0% cap · market cap 7.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Perkins Glass & Mirror ...
Hardware & Home Improvement
Similar For Sale Nearby
FAQs
What type of property is this?
Manufacturing property - Versatile industrial building in Capitol Hill, suitable for various uses.
Where is this manufacturing property located?
The property is located at 1420 Broadway Seattle, WA.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Excellent location in the heart of Capitol Hill.; Versatile 10,680 SF industrial building suitable for various uses.; Zoned NC3P‑75 (M) offering long‑term redevelopment potential.
