Storefront Property with Secure
For Sale
Contact for pricing
2519 1st Ave, Seattle, WA 98121
Street-level commercial space with dedicated restrooms, air conditioning, plumbing, and high-capacity electrical service.
Property Size507 SF
Price / SF$2.96
Days on Market61
Property Features for 2519 1st Ave
General Information
Standard status
Active
Size
507 SF
Site & Location
Neighborhood
Queen Anne
Building Details
Year Built
1980
Listing Agency:
Keller Williams Downtown Sea
Listed By:
Nicholas T. Vilvandre · License #107068
(206) 612-7883
Source:
Montgomeryht
Added: Aug 24
Changed: Oct 23
Last Checked: Oct 20 at 9:49PM
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 Keller Williams Downtown Sea
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Investment Insights
Based on property information with market context.
This 507-square-foot street-level storefront was built in 1980 and configured for flexible commercial use. The space includes separate men’s and women’s restrooms, air conditioning, a secure vault-style work area, a security door, high-capacity electrical service, and plumbing for a utility sink or workstation. Its prior configuration as a bank ATM and teller location adds a distinctive operational layout.
The property is at 1st Avenue and Vine in Seattle’s Belltown neighborhood, next to The Crocodile and surrounded by restaurants, entertainment venues, residences, and hotels. Potential applications identified for the space include a tattoo studio, locksmith, repair or service business, specialty retail, creative studio, office, boutique, or grab-and-go concept. Permitted use is subject to tenant verification.
The property is at 1st Avenue and Vine in Seattle’s Belltown neighborhood, next to The Crocodile and surrounded by restaurants, entertainment venues, residences, and hotels. Potential applications identified for the space include a tattoo studio, locksmith, repair or service business, specialty retail, creative studio, office, boutique, or grab-and-go concept. Permitted use is subject to tenant verification.
Key Highlights
- 507 SF street‑level storefront at 2519 1st Ave, Seattle
- Separate men’s and women’s restrooms
- Secure vault‑style workspace with security door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,560
Suggested Prices Based on Cap Rates
Cap Rate 5%
$151,200
$151.2K
Cap Rate 7%
$108,000
$108.0K
Cap Rate 9%
$84,000
$84.0K
Market Conditions
NOI Build-Up for 507 SF
Gross rent
$11.1K $21.96/SF
− Vacancy
−$334 −$0.66/SF
EGI
$10.8K $21.30/SF
− OpEx
−$3.2K −$6.39/SF
NOI
$7.6K $14.91/SF
Area
Seattle, WA
Vacancy
3.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$151,200
Cap Rate 7%
$108,000
Cap Rate 9%
$84,000
Alternative Uses
Best Use
Retail
$108.0K
$94.5K – $126.0K
NOI $7,560 @ 7.0% cap · market cap 504.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$152.5K
$133.5K – $178.0K
NOI $10,677 @ 7.0% cap · market cap 711.80%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,784
Businesses Nearby
Under-served
Demand for This Use
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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
Vacancy Rate% for Retail in Seattle, WA
Similar Off Market Nearby
- Juniper Flowers — 459 N 36th St, Seattle, WA 98103
Frequently Asked Questions
What type of property is this?
Storefront property - Street-level commercial space with dedicated restrooms, air conditioning, plumbing, and high-capacity electrical service.
Where is this storefront property located?
The property is located at 2519 1st Ave Seattle, WA.
What are key features of this property?
This property features: 507 SF street‑level storefront at 2519 1st Ave, Seattle; Separate men’s and women’s restrooms; Secure vault‑style workspace with security door
