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    207 1St Ave Seattle, WA 98104

    For Lease
    $28 SF/Yr

    Historic Seattle building, flexible office suites.

    Lot size:
    13,370 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional Seattle commercial property, the Skagit Building, offers a unique blend of historic charm and modern functionality. Located at 207 1st Ave S, in the vibrant 98104 zip code, this three-story building boasts 13,370 total square feet and is classified as a Class B property. Originally constructed in 1900 and renovated in 1975, the building retains its character with high ceilings and exposed brick walls, creating a desirable creative office environment. The property is currently configured for multiple tenants and offers flexible lease options. Two spaces are immediately available, with a minimum leasable area of 1,201 square feet and a maximum of 2,875 square feet. The building's prime location in Seattle, Washington, provides excellent access to transportation and amenities. The property's classification as both Executive and Creative Office space makes it ideal for a variety of businesses seeking a unique and inspiring workspace. Currently, 1,201 square feet of space is vacant and ready for immediate occupancy. This is a rare opportunity to secure office space in a historic Seattle building with significant character and modern conveniences. Inquire today to learn more about leasing options and explore the possibilities this property offers.

    Property Features for 207 1St Ave

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    13,370 SF
    Class
    B
    Total Rate
    31196.67

    Building Details

    Year Built/Renovated
    1900/1975
    Buildings
    1
    Stories
    3

    Unit(s) available at that property

    Space
    Suite 201
    Size
    1,201 SF
    Rate per SF
    $28
    Space
    Suite 300
    Size
    2,875 SF
    Rate per SF
    $28

    HighLights

    • High ceilings throughout.
    • Exposed brick walls.
    • Full HVAC system.
    • Excellent location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    ATM Atm Reva Solutions Software Company Central Saloon Restaurant

    Suggested Use

    Realty agency Spa & Massage Hair Salon Nail Salon Dental Office Restaurant Daycare Center Building Supply Gym & Fitness Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.3345436
    Latitude
    47.6005823

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    FAQs

    What type of property is this?
    Individual retail property - Historic Seattle building, flexible office suites.
    Where is this individual retail property located?
    The property is located at 207 1St 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: High ceilings throughout.; Exposed brick walls.; Full HVAC system.
    Request Owner's contact information
    207 1St Ave Seattle, WA 98104
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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
    207 1St Ave Seattle, WA 98104
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