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    3120 3Rd Ave Seattle, WA 98119

    Sponsored
    For Sale
    $995,000

    Prime Seattle location, vacant, 2340 sq ft.

    Property size:
    2,340 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional owner-user opportunity presents a 2,340 square foot office building situated on a 3,080 square foot lot in Seattle's desirable Queen Anne neighborhood. The property, built in 1964, is a two-story Class B building and is currently vacant, offering immediate occupancy. The asking price is $995,000, translating to $425.21 per square foot. The permitted zoning is MIO-37 LR3 (M), making it suitable for a variety of uses. Its convenient location near Seattle Pacific University and the Fremont neighborhood ensures high foot and vehicle traffic. The Queen Anne area is also adjacent to South Lake Union, a rapidly expanding employment center housing major tech companies like Amazon and Google, as well as numerous biotech firms. This property is ideally suited for professional services, including attorneys, CPAs, insurance agencies, and light medical offices such as dental or vision practices. The address is 3120 3rd Ave W, Seattle, WA 98119, with King County as the county of location. The property features one building and has a total of 2 stories. This presents a rare chance to acquire a well-located, versatile office building in a thriving Seattle neighborhood.

    Property Features for 3120 3Rd Ave

    General Information

    Property type
    Medical offices
    Square Feet
    2,340 SF
    Class
    B

    Building Details

    Year Built
    1964
    Buildings
    1
    Stories
    2

    HighLights

    • Ideal for professional services firms, including law, accounting, insurance, and light medical practices.
    • High‑end finishes throughout.
    • Ample on‑site parking.
    • Excellent visibility and accessibility from major thoroughfares.
    • Modern, efficient floor plan.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Law Firm Restaurant Realty agency Dental Office Spa & Massage Hair Salon 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
    -122.3605503
    Latitude
    47.6484422

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    FAQs

    What type of property is this?
    Medical office - Prime Seattle location, vacant, 2340 sq ft.
    Where is this medical office located?
    The property is located at 3120 3Rd Ave Seattle, WA.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: Ideal for professional services firms, including law, accounting, insurance, and light medical practices.; High-end finishes throughout.; Ample on-site parking.
    Request Owner's contact information
    3120 3Rd Ave Seattle, WA 98119
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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
    3120 3Rd Ave Seattle, WA 98119
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