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    OFF-MARKET
    Commercial real estate

    1512 Alaskan Way, Seattle, WA 98101

    0.05 ac lot Built 1910
    Property ID
    Property summary
    AI-generated overview

    This exceptional commercial condo at 1512 Alaskan Way presents a unique investment opportunity in the heart of Seattle. Boasting a coveted street-level location between Pike Place Market and the Seattle Waterfront, this property benefits from unparalleled foot traffic and visibility. Situated at the base of Pike Street Hillclimb, it enjoys exposure to both tourists and locals alike, with easy access to Seattle's revitalized waterfront and the Seattle Aquarium Ocean Pavilion. The building offers convenient access via a public elevator and adjoining garage from Western Avenue, a significant advantage for both employees and customers. Six dedicated parking spaces are included, a rare find in this highly desirable area, further enhanced by proximity to ferry and bus stations. Recently renovated, the approximately 0.05-acre property features a blend of historic charm and modern functionality. High ceilings, exposed brick and beams contribute to a unique ambiance, while the open floor plan includes a kitchenette, a private office, and a three-quarter bathroom. The flexible layout allows for a variety of commercial uses, making this an ideal investment for discerning buyers seeking a prime location in one of Seattle's most vibrant neighborhoods. The property's size is not specified in the provided information.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1910
    Lot 0.05 ac (2,178 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Symontek (Bike/Boat/Book/etc) Store Corporate Office
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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