Belltown Multifamily/Hotel Redevelopment
2200 1st Avenue, Seattle, WA 98121
Value-add investment near Pike Place Market with redevelopment potential.
Type:Retail
Property size:
8,330 SFPrice / SF:
$456/SF- Added:
- Nov 22, 2025
- Days on Market:
- 180
- Last Refresh:
- Apr 5 at 10:30 pm
Property Features for 2200 1st Avenue
General Information
- Standard status
- Active
- Size
- 8,330 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1910
Listing agent Wyk Parker License #873009985 (206) 660-8768
Listing office NAI Puget Sound Properties (206) 660-8768
Listing date Nov 22, 2025
Source Naiglobal
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All listing content including descriptions, pricing, images are the copyrighted material of NAI Puget Sound Properties
HighLights
- High‑rise development site with existing multifamily/hotel building and street‑level commercial space.
- Prime Belltown location: just 3 blocks from Pike Place Market and 4 blocks from the new Seattle Waterfront.
- Versatile building: can be used as multifamily residential or converted to a hotel.
- Existing improvements: features 13 living units with private kitchens and bathrooms; street‑level retail.
- Zoned for high‑rise redevelopment, offering significant long‑term potential.
- 9 on‑site surface parking stalls in a dense urban environment.
Overview
Located in the heart of the Belltown neighborhood, three blocks north of Pike Place Market, this property presents a value-add investment opportunity. The existing three-story building, with a gross square footage of 9,990, offers versatility as either multifamily residential units or a hotel. The building contains 13 living units, each equipped with a private kitchen and bathroom. The street-level retail space is currently occupied by a convenience store but could be converted into a hotel lobby or other use. The lower level includes shared laundry services, storage closets, a utility room, and a small shop area. The property also features 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. Situated at the corner of 1st Avenue and Blanchard Street, the property benefits from a highly visible corner location. Its proximity to the redesigned Seattle Waterfront, Pike Place Market, the Seattle Center, and the Space Needle enhances its appeal. The property maintains significant utility with existing improvements and offers strong potential for high-rise zoned redevelopment in the near or long term. The property size is 8,330 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
2200 first : jll
Property Management Company
OAC Seattle
Construction Company
Porch
Corporate Office
MovingPlace
Moving Company
Location Insight
- Map
- Local Demand
- City
- Seattle
- County
- King
- State
- Washington
- Longitude
- -122.334
- Latitude
- 47.5836
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - Value-add investment near Pike Place Market with redevelopment potential.
Where is this retail space located?
The property is located at 2200 1st Avenue Seattle, WA.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: High‑rise development site with existing multifamily/hotel building and street‑level commercial space.; Prime Belltown location: just 3 blocks from Pike Place Market and 4 blocks from the new Seattle Waterfront.; Versatile building: can be used as multifamily residential or converted to a hotel.
