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    Belltown Multifamily/Hotel Redevelopment Opportunity Title is generated by Realmo AI

    2200-2204 1st Avenue, Seattle, WA

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    Value-add investment near Pike Place Market with high-rise redevelopment potential.

    Type:MULTIFAMILY
    Lot size:
    0.15 Acres
    Added:
    Nov 17, 2025
    Days on Market:
    206
    Last Refresh:
    Apr 5 at 8:33 pm

    Property Features for 2200-2204 1st Avenue

    General Information

    Standard status
    Active
    Lot size
    0.15 Acres
    Property subtype
    MULTIFAMILY

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    Listing Contact
    Wyk Parker

    Listing agent Wyk Parker License #WA 873009985

    Listing office NAI Puget Sound Properties

    Listing date Nov 17, 2025

    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 NAI Puget Sound Properties

    HighLights

    • High‑rise development site with existing 9,990 GSF building in prime Belltown location.
    • Located 3 blocks from Pike Place Market and 4 blocks from the Seattle Waterfront renovation.
    • Versatile property suitable for multifamily residential or hotel use with street‑level commercial.
    • Corner parcel with high visibility at the intersection of 1st Avenue and Blanchard Street.
    • Includes 13 living units, each with private kitchen and bathroom.
    • Features 9 on‑site surface parking stalls.

    Overview

    This property presents a value-add investment opportunity in the heart of the Belltown neighborhood, located three blocks north of Pike Place Market. The corner parcel spans 6,660 square feet and features a three-story building with 9,990 gross square feet. The building currently houses 13 living units, offering versatility to remain as multifamily residential units or be converted for hotel use. Each unit includes a private kitchen and bathroom. The street-level retail space can be adapted into a hotel lobby or other uses, or continue as a convenience store. The lower level provides shared laundry services, storage closets, a utility room, and a small shop area. The property includes 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. The property benefits from a highly visible corner location at the intersection of 1st Avenue and Blanchard Street. Its central location offers significant utility with existing improvements and strong potential for high-rise zoned redevelopment in the near or long term, especially with its proximity to the redesigned Seattle Waterfront, Pike Place Market, the Seattle Center, and the Space Needle. The property is also located four blocks from Seattle’s new Billion Dollar waterfront renovation.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Building Supply Spa & Massage Center Hair Salon Auto Repair Shop Big Box & Wholesale Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.334
    Latitude
    47.5836

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    FAQs

    What type of property is this?
    Apartment building - Value-add investment near Pike Place Market with high-rise redevelopment potential.
    Where is this apartment building located?
    The property is located at 2200-2204 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 9,990 GSF building in prime Belltown location.; Located 3 blocks from Pike Place Market and 4 blocks from the Seattle Waterfront renovation.; Versatile property suitable for multifamily residential or hotel use with street‑level commercial.
    (206) 332-1484 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Wyk Parker
    Real Estate License ID: WA 873009985
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