Mixed-Use Development
2407 1st Avenue, Seattle, WA 98121
For Sale
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An active Master Use Permit covers a proposed residential tower with commercial space and rooftop amenities.
Property SizeContact for details
Days on Market45
Property Features for 2407 1st Avenue
General Information
Standard status
Property subtype
Site & Location
Neighborhood
Listing Agency:
Kidder Mathews Seattle
Listed By:
Tyler Nicholes · License WA #127468
(206) 398-2289
Source:
Crexi
Added: Sep 30
Changed: Nov 8
Last Checked: Nov 12 at 6:35AM
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 Kidder Mathews Seattle
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Investment Insights
Based on property information with market context.
The 2407 1st Avenue site has an active Master Use Permit for a 12-story, 166-unit mixed-use tower. Plans include commercial space at ground and alley levels, a pedestrian laneway, and a rooftop amenity pavilion. The design also includes a rooftop terrace and upper-floor residences oriented toward westward views of Elliott Bay and the Olympic Mountains.
Located on 1st Avenue in Seattle’s Belltown neighborhood, the property sits between the Hull Building and Glaser Building, both designated landmarks. The surrounding corridor includes galleries, restaurants, and retail. The Ace Hotel is one block away, with Pike Place Market, the Seattle waterfront, and South Lake Union also identified in the property information.
Located on 1st Avenue in Seattle’s Belltown neighborhood, the property sits between the Hull Building and Glaser Building, both designated landmarks. The surrounding corridor includes galleries, restaurants, and retail. The Ace Hotel is one block away, with Pike Place Market, the Seattle waterfront, and South Lake Union also identified in the property information.
Key Highlights
- Active Master Use Permit for a 12‑story, 166‑unit mixed‑use tower
- Planned commercial space at ground and alley levels
- Proposed pedestrian laneway and rooftop amenity pavilion
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
7,538
Businesses Nearby
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Business Placement
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
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Market
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Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Commercial land - An active Master Use Permit covers a proposed residential tower with commercial space and rooftop amenities.
Where is this commercial land located?
The property is located at 2407 1st Avenue Seattle, WA.
What is the asking price?
The asking price for this property is $6,650,000.
What are key features of this property?
This property features: Active Master Use Permit for a 12‑story, 166‑unit mixed‑use tower; Planned commercial space at ground and alley levels; Proposed pedestrian laneway and rooftop amenity pavilion
