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Belltown Corner Multifamily/Hotel Opportunity
For Sale
$3,800,000

2200 1st Avenue, Seattle, WA 98121

High-rise development site with existing multifamily or hotel building.

Days on Market147

Property Features for 2200 1st Avenue

General Information

Standard status Active
Property subtype Retail
Listing Agency: NAI Puget Sound Properties
Listed By: Wyk Parker · License #873009985
Source: Nai-psp
Added: Mar 6 Changed: Jul 6 Last Checked: Jul 30 at 4:07AM

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 NAI Puget Sound Properties

Investment Insights

Based on property information with market context.

This property is a high-rise development site featuring an existing multifamily or hotel building with street-level commercial space. It occupies a corner location at the intersection of 1st Avenue and Blanchard Street in Belltown. The location is situated three blocks from Pike Place Market and four blocks from Seattle’s new Billion Dollar waterfront renovation. The property includes a charming brick building that underwent a nearly full renovation in 1980, and it has a newer roof. Onsite parking is available.

Key Highlights

  • High‑rise development site in Belltown.
  • Ideal location near Pike Place Market and Seattle's waterfront renovation.
  • Corner location at 1st Avenue and Blanchard St.

Property Analytics

Current Use

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

Suggested Use

Top Pick Dental Office Grocery & Convenience Store Veterinary Clinic Daycare Center Butcher Pet 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

11,466
Businesses Nearby

Demographics for 98121, WA

21,411
Population
15,781
Households
1.4
Avg Household Size
35
Median Age
78%
College-Educated
98%
High-School Grad
0.4 sq mi
ZIP Area
53,528
Density / Sq Mi
$148,974
Median Household Income
$118,893
Median Earnings
$2,329
Median Rent
$796,600
Median Home Value

Market

Properties on Market for Mixed-use properties in King County

Jan
Feb
Mar
Apr
May
Jun

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - High-rise development site with existing multifamily or hotel building.
Where is this mixed-use property 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 in Belltown.; Ideal location near Pike Place Market and Seattle's waterfront renovation.; Corner location at 1st Avenue and Blanchard St.
More about this property
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