Belltown Multifamily/Hotel Redevelopment
For Sale
Contact for pricing
2200-2204 1st Avenue, Seattle, WA
Value-add investment near Pike Place Market with high-rise redevelopment potential.
Property SizeContact for details
Lot Size0.15 Acres
Days on Market276
Property Features for 2200-2204 1st Avenue
General Information
Standard status
Active
Lot size
0.15 Acres
Property subtype
MULTIFAMILY
Listing Agency:
NAI Puget Sound Properties
(206) 332-1484
Listed By:
Wyk Parker · License #WA 873009985
(206) 332-1484
Source:
Moodyscre
Added: Nov 17, 2025
Changed: Aug 8
Last Checked: Aug 20 at 8:09AM
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 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.
Key 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,443
Businesses Nearby
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Business Placement
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
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.
