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    301 1St Ave Seattle, WA 98104

    For Lease
    $29 SF/Yr

    Historic Pioneer Square office suites available.

    Lot size:
    69,817 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    The Globe Building, a historic Class B office and restaurant property located in the heart of King County's CBA Pioneer Square submarket, presents a unique investment opportunity. This single, four-story building, constructed in 1900 and renovated in 1979, boasts a total of 69,817 square feet. Currently, there are 3,342 square feet of vacant space available, divisible into units as small as 445 square feet, with a maximum contiguous space of 1,500 square feet. The building features attractive architectural details including high ceilings (11-12 feet), hardwood floors, and large windows, creating a desirable workspace. Its prime location at the intersection of 1st Ave. S. and S. Main provides excellent visibility and accessibility. The building includes elevators for convenient access to all four floors. The 0.31-acre site offers a blend of historic charm and modern functionality, making it ideal for a variety of executive office tenants. Multiple tenancy options are available, catering to businesses of varying sizes. This property represents a rare chance to secure space in a landmark building within a thriving urban core.

    Property Features for 301 1St Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    69,817 SF
    Class
    B
    Total Rate
    168724.42

    Building Details

    Year Built/Renovated
    1900/1979
    Buildings
    1
    Stories
    4

    Unit(s) available at that property

    Space
    Suite 235
    Size
    1,500 SF
    Rate per SF
    $29
    Space
    Suite 239
    Size
    1,397 SF
    Rate per SF
    $31
    Space
    Suite 325
    Size
    3,404 SF
    Rate per SF
    $30
    Space
    Suite 325
    Size
    3,404 SF
    Rate per SF
    $30

    HighLights

    • Office and restaurant space totaling 69,817 square feet.
    • Executive office suites available, multi‑tenant building.
    • Units range from 445 to 1,500 contiguous square feet; 3,342 square feet currently vacant.
    • Located on 0.31 acres in King County's CBA Pioneer Square submarket, at the intersection of 1st Ave. S. and S. Main.
    • Class B building, constructed in 1900, renovated in 1979; one four‑story building.
    • Features 11‑12 foot ceilings, hardwood floors, large windows, and elevators.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    301 1st Ave ... Parking Lot Melissa M. Garthwaite, ... Counselor

    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
    -122.33423586301
    Latitude
    47.600087530226

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    FAQs

    What type of property is this?
    Restaurant - Historic Pioneer Square office suites available.
    Where is this restaurant located?
    The property is located at 301 1St Ave Seattle, WA.
    What is the lease rate?
    The lease rate is $29-$31 SF/Yr.
    What are key features of this property?
    This property features: Office and restaurant space totaling 69,817 square feet.; Executive office suites available, multi-tenant building.; Units range from 445 to 1,500 contiguous square feet; 3,342 square feet currently vacant.
    Request Owner's contact information
    301 1St Ave Seattle, WA 98104
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    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
    301 1St Ave Seattle, WA 98104
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