Pike-Pine Corridor Office
For Sale
$2,500,000
Pending
1518 3rd Ave, Seattle, WA 98101
Seven-story office building with retail and redevelopment potential.
Property Size41,705 SF
Days on Market405
Property Features for 1518 3rd Ave
General Information
Standard status
Pending
Size
41,705 SF
Property subtype
Commercial
Building Details
Year Built
1910
Listing Agency:
LEE & ASSOCIATES COMMERCIAL REAL ESTATE SERVICES
Listed By:
STUART WILLIAMS
(425) 417-5078
Source:
Corcoran
Added: Jul 31, 2025
Changed: Jul 6
Last Checked: Jul 23 at 9:37AM
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 LEE & ASSOCIATES COMMERCIAL REAL ESTATE SERVICES
Investment Insights
Based on property information with market context.
This 41,705-square-foot, seven-story office building with one floor of retail is located in the Pike-Pine Corridor, near the waterfront. The property is adjacent to Westlake Station, Park and Retail Center. The building offers mid-size floorplates, providing smaller tenants the opportunity to occupy an entire floor. The property has been recently upzoned as part of the Mayor of Seattle’s Downtown Activation Plan, offering long-term residential redevelopment potential. This property presents a value-add or owner-user opportunity.
Key Highlights
- Residential redevelopment potential due to recent upzoning as part of the Mayor of Seattle’s Downtown Activation Plan.
- Prime location in the Pike‑Pine Corridor, near the transforming waterfront and adjacent to Westlake Station, Park, and Retail Center.
- Value‑add / Owner‑user opportunity.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,779
Businesses Nearby
Explore this area
Business Placement
Demographics for 98101, WA
16,237
Population
13,193
Households
1.2
Avg Household Size
36
Median Age
71%
College-Educated
96%
High-School Grad
0.5 sq mi
ZIP Area
32,474
Density / Sq Mi
$128,143
Median Household Income
$106,620
Median Earnings
$2,476
Median Rent
$741,400
Median Home Value
Market
Vacancy Rate% for Office in Seattle, WA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Seven-story office building with retail and redevelopment potential.
Where is this office building located?
The property is located at 1518 3rd Ave Seattle, WA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Residential redevelopment potential due to recent upzoning as part of the Mayor of Seattle’s Downtown Activation Plan.; Prime location in the Pike‑Pine Corridor, near the transforming waterfront and adjacent to Westlake Station, Park, and Retail Center.; Value‑add / Owner‑user opportunity.
