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2200 1St Ave Seattle, WA 98121

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For Sale
$3,800,000

Value-add investment in the heart of Belltown neighborhood.

Property Features for 2200 1St Ave

General Information

Standard status
Active

Building Details

Year built
1910

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Listing Contact
Wyk Parker
Wyk Parker
Source: Corcoran

Listing Agency: NAI PUGET SOUND PROPERTIES Listing Agent: Wyk Parker

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Belltown Redevelopment Opportunity

The property at 2204 First Avenue presents a value-add investment and redevelopment opportunity. It is located three blocks north of Pike Place Market, situated in the heart of the Belltown neighborhood. The zoning allows for the construction of a 9-story building that would offer views of Elliott Bay and the Olympic Mountains. The existing three-story building, which has a gross square footage of 9,990, offers versatility. It can be leased to generate income while planning for future redevelopment, or it can be land banked. The building currently contains 13 living units that can remain as multifamily residential units or be converted for hotel use. The street-level retail space can be converted into a hotel lobby or other uses, or it can continue to operate as a convenience store.
Location Intelligence

Current Use by Public Records

2200 first : jll Property Management Company OAC Seattle Construction Company Porch Corporate Office MovingPlace Moving Company

Suggested Use

Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Daycare Center Grocery & Convenience Store Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Seattle
County
King
State
Washington
Longitude
-122.3336891
Latitude
47.5836092

FAQs

What type of property is this?
Commercial land - Value-add investment in the heart of Belltown neighborhood.
Where is this commercial land located?
The property is located at 2200 1St Ave 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: - Prime redevelopment opportunity in the heart of Belltown, just 3 blocks from Pike Place Market.; - Zoning allows for a 9-story building with potential views of Elliott Bay and the Olympic Mountains.; - Existing building provides income potential while planning or land banking.
More about this property
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