2117 2nd Ave, Seattle, WA 98119
Two-story, 10,380 SF building in the heart of Belltown.
- Added:
- Sep 25, 2024
- Days on Market:
- 649
- Last Refresh:
- Apr 5 at 8:12 pm
Property Features for 2117 2nd Ave
General Information
- Standard status
- Active
- Size
- 10,380 SF
- Lot size
- 0.15 Acres
- Property subtype
- RETAIL
Listing office Century Pacific (120) 691-5010
Listing date Sep 25, 2024
Source Moodyscre
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 Century Pacific
HighLights
- Prime Belltown location near the Seattle Waterfront, Pike Place Market, Seattle Center, and Space Needle.
- Versatile two‑story, 10,380 SF building ideal for owner/user or redevelopment.
- The large, open ground‑floor concept boasts impressive 17' ceilings.
- Includes a 3,900 SF mezzanine with a kitchenette.
- Features a 6,480 SF sprinkled, secured garage level.
- Offered for sale for the first time in 35 years.
Overview
Local Financial Insights For Retail
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 | $227.9k | $21.96 |
| − Vacancy | −$6.8k | −$0.66 |
| EGI | $221.1k | $21.30 |
| − OpEx | −$66.3k | −$6.39 |
| NOI | $154.8k | $14.91 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Seattle
- County
- King
- State
- Washington
- Longitude
- -122.344
- Latitude
- 47.6126
