Commercial Condo Unit
For Sale
Contact for pricing
2313 1st Ave, Seattle, WA
Commercial condo unit suitable for office or retail use.
Property Size3,509 SF
Lot Size0.28 Acres
Price / SF$512.97
Days on Market341
Property Features for 2313 1st Ave
General Information
Standard status
Active
Size
3,509 SF
Lot size
0.28 Acres
Property subtype
RETAIL
Lease Type
NNN
Properties For Sale
at 2313 1st Ave Contact usBelltown Restaurant | Charcoal Rotisserie | 5,723 SF AVAILABLE
Floor
1
Size
5,723 SF
Type
RETAIL
Lease Type
NNN
Rare opportunity to take over a fully built restaurant with existing commercial charcoal cooking infrastructure in the heart of Belltown.
±5,723 SF on First Avenue — large open dining room, full bar, spacious commercial kitchen, huge walk-in cooler, and a custom commercial charcoal rotisserie beneath a massive Type I hood. A second hood and exhaust system serves the conventional cooking line.
Charcoal cooking requires its own dedicated exhaust, separate from the rest of the kitchen — difficult and costly to add to a downtown building, and rare to find already in place. Here it is built and permitted.
Ideal for steakhouse, churrasco, Peruvian rotisserie, yakitori or robata, Mediterranean, Persian, barbecue — or any chef-driven live-fire concept.
Ground floor of the Pomeroy with prominent First Avenue frontage. Currently operating; showings by appointment. Available Q1 2027 or sooner.
The restaurant is open and operating. Showings by appointment only — please do not disturb the tenant or staff, and do not contact the restaurant directly. Contact listing broker to arrange.
Prospective tenants to independently verify all dimensions, permitted use, the availability and transferability of equipment, licenses and permits.
Contact us Retail or Office for Lease AVAILABLE
Size
3,509 SF
Type
RETAIL
Lease Type
NNN
Space for lease in Belltown. Current configuration is office, but could easily be converted to retail use. Also listed for sale.
Contact us
Listing Agency:
Ewing & Clark Comm'l Brokerage
(206) 695-4823
Listed By:
Andy Randles · License #23000294
(206) 405-0090
Source:
Moodyscre
Added: Oct 31, 2025
Changed: Aug 31
Last Checked: Oct 5 at 8:49PM
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 Ewing & Clark Comm'l Brokerage
Investment Insights
Based on property information with market context.
A commercial condominium unit is available, currently formatted as an office space. The property offers flexibility for conversion back to retail use. It includes two existing bathrooms and a kitchen, which could facilitate such a conversion. The unit is located within the Pomeroy Condominiums and has a size of 3509 square feet.
Key Highlights
- Commercial condo unit at the Pomeroy Condominiums.
- Easily convertible from office to retail space.
- Includes 2 existing bathrooms.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,603
Cap Rate
3.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,232,060
$1.2M
Cap Rate 7%
$880,043
$880.0K
Cap Rate 9%
$684,478
$684.5K
Market Conditions
NOI Build-Up for 3,509 SF
Gross rent
$106.5K $30.36/SF
− Vacancy
−$24.4K −$6.95/SF
EGI
$82.1K $23.41/SF
− OpEx
−$20.5K −$5.85/SF
NOI
$61.6K $17.56/SF
Area
Seattle, WA
Vacancy
22.90%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,232,060
Cap Rate 7%
$880,043
Cap Rate 9%
$684,478
Alternative Uses
Best Use
Office B
$880.0K
$770.0K – $1.03M
NOI $61,603 @ 7.0% cap · market cap 3.42%
Second Best
Retail
$747.5K
$654.0K – $872.0K
NOI $52,322 @ 7.0% cap · market cap 2.91%
Theoretical Best
Office A
$1.06M
$923.7K – $1.23M
NOI $73,899 @ 7.0% cap · market cap 4.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
11,409
Businesses Nearby
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Seattle, WA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Commercial condo unit suitable for office or retail use.
Where is this retail space located?
The property is located at 2313 1st Ave Seattle, WA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Commercial condo unit at the Pomeroy Condominiums.; Easily convertible from office to retail space.; Includes **2 existing bathrooms**.
