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    1517 12Th Ave Seattle, WA 98122

    For Lease
    $28 SF/Yr

    Historic Seattle office building with multiple spaces available.

    Lot size:
    30,720 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    The Ballou Wright Building, a historic three-story structure built in 1917, offers a unique opportunity for businesses seeking office space in Seattle's vibrant Pike/Pine corridor. Located at 1517 12th Ave, in the heart of King County, this 30,720 square foot building boasts a variety of office spaces, ranging from 1,104 to 3,474 square feet, suitable for various business needs. The building's diverse subtypes cater to creative offices, traditional office setups, and even coworking arrangements, making it a versatile option for a range of tenants. The building features multiple tenancies and includes an elevator for convenient access to all three floors. Its prime location offers easy access to Cal Anderson Park and public transportation, with nearby monthly parking options available. The building's advantageous position above Overcast Coffee and within the bustling Pike/Pine retail corridor provides proximity to numerous popular retail stores, grocery options, and restaurants. This historic building blends character with modern convenience, offering a compelling location for businesses seeking a dynamic and well-connected Seattle address. The property is classified as Office, Retail, and Restaurant space.

    Property Features for 1517 12Th Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    30,720 SF
    Total Rate
    71680

    Building Details

    Year Built
    1917
    Stories
    3

    Unit(s) available at that property

    Space
    Creative Mezzanine Level Office Space
    Size
    3,474 SF
    Rate per SF
    $28
    Space
    Office Space in Historic Building w/ Pri
    Size
    1,432 SF
    Rate per SF
    $28
    Space
    Spacious Open Office
    Size
    2,140 SF
    Rate per SF
    $28
    Space
    Creative Second Floor Office
    Size
    1,104 SF
    Rate per SF
    $28
    Space
    Bright Office in Historic Building
    Size
    1,231 SF
    Rate per SF
    $28

    HighLights

    • All utilities included.
    • Fiber internet access.
    • Secure bike storage.
    • Passenger elevator.
    • Shared restrooms and shower facilities.
    • HVAC system.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Parkio, Inc. Transportation Service Indies Workshop Coworking Space Quesinberry and Associates Marketing Agency Smart Bathroom & Kitchen ... Bathroom Remodeler NW Corporate Yoga Yoga Instructor

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.31690337416
    Latitude
    47.614590673118

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    FAQs

    What type of property is this?
    Restaurant - Historic Seattle office building with multiple spaces available.
    Where is this restaurant located?
    The property is located at 1517 12Th Ave Seattle, WA.
    What is the lease rate?
    The lease rate is $28 SF/Yr.
    What are key features of this property?
    This property features: All utilities included.; Fiber internet access.; Secure bike storage.
    Request Owner's contact information
    1517 12Th Ave Seattle, WA 98122
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    Seattle, WA 98122
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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
    1517 12Th Ave Seattle, WA 98122
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