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    1414 31St Ave Seattle, WA 98144

    Sponsored
    For Lease
    $33 SF/Yr

    Class A Office Space, Multiple Suites Available

    Lot size:
    22,345 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A office building, totaling 22,345 square feet, presents a unique investment opportunity in Seattle's desirable Mount Baker neighborhood. Built in 2000, this three-story building boasts 8,362 square feet of immediately available space, divided into four suites ranging from 730 to 4,627 square feet. The property features a convenient gated garage, an elevator for easy access to all floors, and is situated on a 0.187-acre lot with a 2.72 FAR. Enjoy peekaboo views of the Seattle skyline and Lake Washington. Its prime location offers easy access to I-90, placing it a short 10-minute drive from downtown Seattle and Mercer Island, and just 15 minutes from Bellevue. The building's proximity to Leschi Park, the I-90 Trail, and numerous restaurants and cafes adds to its appeal. The property is zoned NC130 and has King County APN numbers 690920-0540 and 690920-0545. This is a rare opportunity to acquire a well-maintained, highly desirable office building in a thriving Seattle neighborhood. The building's multiple tenancy allows for flexibility in leasing arrangements, catering to a variety of business needs. Don't miss this chance to own a piece of Seattle's vibrant commercial real estate market.

    Property Features for 1414 31St Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    22,345 SF
    Class
    A
    Total Rate
    61448.75

    Building Details

    Year Built
    2000
    Buildings
    1
    Stories
    3

    Unit(s) available at that property

    Space
    102
    Size
    896 SF
    Rate per SF
    $35
    Space
    103
    Size
    2,109 SF
    Rate per SF
    $35
    Space
    101
    Size
    730 SF
    Rate per SF
    $35
    Space
    201
    Size
    4,627 SF
    Rate per SF
    $33

    HighLights

    • Class A, 22,345 SF office/retail building in King County.
    • Multiple tenancy with 8,362 SF currently vacant, including four available spaces ranging from 730 SF to 4,627 SF.
    • Located in Mount Baker, offering views of Seattle and Lake Washington, with easy access to I‑90.
    • Features gated parking, elevator, and proximity to restaurants, cafes, and the I‑90 Trail; a 10‑minute walk to Lake Washington.
    • Ten‑minute drive to downtown Seattle and Mercer Island, 15‑minute drive to Bellevue.
    Property Profile Location Intelligence

    Current Use by Public Records

    Washington State Opportunity ... Non-Profit Organization Unstill Life Fitness ... Personal Trainer Summit Psychology Psychologist Presence Northwest Business Broker Iron Tree Physical Fitness Program

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon 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
    -122.29246149098
    Latitude
    47.58983552194

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    FAQs

    What type of property is this?
    Office Property / Space - Class A Office Space, Multiple Suites Available
    Where is this office property / space located?
    The property is located at 1414 31St Ave Seattle, WA.
    What is the lease rate?
    The lease rate is $33-$35 SF/Yr.
    What are key features of this property?
    This property features: Class A, 22,345 SF office/retail building in King County.; Multiple tenancy with 8,362 SF currently vacant, including four available spaces ranging from 730 SF to 4,627 SF.; Located in Mount Baker, offering views of Seattle and Lake Washington, with easy access to I-90.
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    Seattle, WA 98144
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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
    1414 31St Ave Seattle, WA 98144
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