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    2218 1St Ave Seattle, WA 98121

    For Sale
    $3,900,000

    Urban venue suitable for restaurant, bar, or events.

    Property Features for 2218 1St Ave

    General Information

    Standard status
    Active

    Source: GIBRALTAR, LLC Agent LAURA MILLER

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

    Overview

    Event Venue with Rooftop Patio

    This built-out event and catering venue features two bars, a small kitchen equipped with a type 1 hood, and high ceilings. The property has a capacity of 639 persons. The newly renovated indoor/outdoor space includes approximately 8,212 square feet, consisting of a 5,720-square-foot main floor and a 2,492-square-foot mezzanine. Additionally, it features a 1,980-square-foot rooftop patio and four parking stalls. Zoned DMR/R 95/6, the lot size is 6,600 square feet. The property is suitable for owner/user or development. Located in an urban setting, First Bell is ideal for a restaurant, bar, or event venue.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    First & Bell Event Venue

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store Daycare Center

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

    Similar Places Nearby

    Premier Meat Pies, Storyville Coffee 1st & Madison, Rosebay Cocktail Bar, Bookstore Bar & Cafe, Elliott's Oyster House

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.3579417
    Latitude
    47.6390318

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    FAQs

    What type of property is this?
    Bar - Urban venue suitable for restaurant, bar, or events.
    Where is this bar located?
    The property is located at 2218 1St Ave Seattle, WA.
    What is the asking price?
    The asking price for this property is $3,900,000.
    What are key features of this property?
    This property features: - Built-out event and catering venue with 2 bars, kitchen (type 1 hood), high ceilings, and a large 639-person capacity.; - Newly renovated indoor/outdoor space featuring a 1,980 SF rooftop patio.; - Approximately 8,212 SF total space (5,720 SF main floor plus 2,492 SF mezzanine).
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    Seattle, WA 98121
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2218 1St Ave Seattle, WA 98121
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