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Medical Condo in Seattle's District
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1229 Madison St, Seattle, WA 98104

Move-in ready medical condo with downtown views and parking.

Property Size2,352 SF
Price / SF$744.05
Days on Market1515

Property Features for 1229 Madison St

General Information

Standard status Active
Size 2,352 SF
Class B
Property subtype Office
Occupancy 98%
Lease Type Net

Site & Location

Neighborhood First Hill

Building Details

Tenancy Single
Listing Agency: Wallace Properties, Inc
Listed By: Ann Bishop · License #WA
Source: Crexi
Added: Sep 8, 2022 Changed: Oct 25 Last Checked: Oct 30 at 11:47AM

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 Wallace Properties, Inc

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Investment Insights

Based on property information with market context.

This commercial medical condominium unit, identified as 1440/1430, offers 2,352 rentable square feet, representing two combined medical condominium units. The condominium unit is available for occupancy by an owner/user, with the opportunity to lease back a small portion to the seller. Recent upgrades include new flooring, paint, a reception desk, and cabinets. The property features an on-site parking garage with 430 covered stalls and free short-term parking. It is situated in a premier location within Seattle's medical district, offering walking distance to neighborhood restaurants and cafes. The property also provides views of Downtown.

Key Highlights

  • Move‑in ready condition with recent upgrades including flooring, paint, reception desk, and cabinets.
  • Premier location in Seattle's medical district.
  • 2,352 RSF commercial medical condominium unit.

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Pilot Theodore F ... Dental Office Swedish First Hill Medical Clinic Seattle Radiologists Medical Clinic Hart Brian T ... Dental Office Pacific Endodontics Dental Office

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Store Pet Store & Service Tanning Salon Electrical Service Clothing & Fashion 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

13,967
Businesses Nearby
Under-served
Demand for This Use

Demographics for 98104, WA

16,157
Population
10,803
Households
1.5
Avg Household Size
38
Median Age
45%
College-Educated
83%
High-School Grad
0.9 sq mi
ZIP Area
17,952
Density / Sq Mi
$61,866
Median Household Income
$57,791
Median Earnings
$1,511
Median Rent
$663,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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

Similar Off Market Nearby

  • BluePearl Pet Hospital — 805 Madison St, Seattle, WA 98104
  • BluePearl Veterinary Partners — 805 madison st #100, seattle, wa 98104
  • Jet City Animal Clinic — 822 12th Ave, Seattle, WA 98122
  • Banfield Pet Hospital — 1426 Harvard Ave, Seattle, WA 98122
  • City Cat Vet Clinic — 207 Harvard Ave E, Seattle, WA 98102

Frequently Asked Questions

What type of property is this?
Medical Office Space - Move-in ready medical condo with downtown views and parking.
Where is this medical office space located?
The property is located at 1229 Madison St Seattle, WA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Move‑in ready condition with recent upgrades including flooring, paint, reception desk, and cabinets.; Premier location in Seattle's medical district.; 2,352 RSF commercial medical condominium unit.
(206) 229-7523 · Office Call to check price and availability
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