Property profile

1215 Bailey St Seattle, WA 98108

OFF-MARKET
Specialty properties
11,069 SF Built 1948
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Property summary

AI-generated overview

This exceptional commercial property, located at 1215 A S Bailey St, offers two distinct office spaces for lease in the vibrant Georgetown submarket of Seattle. The building, a single-story, 11,069 square foot structure, underwent a complete renovation in 2023, boasting a modern interior despite its 1948 construction date. One available suite measures approximately 2,500 square feet, featuring giant storefront windows, a smaller office, and an open area ideal for various business needs. The second suite, approximately 4,000 square feet, is situated towards the rear of the building and is primarily a shop space with two convenient roll-up doors. This versatile space also includes drains and ample power, making it suitable for a range of uses. Both units benefit from impressive 20-foot ceilings, and the second unit further features a vent hood and additional drains. The property is zoned for commercial use and offers one parking space. Utilities are provided by Seattle City Light. The building is conveniently located in Georgetown, offering easy access to the Port of Seattle, major freeways, and airports, while still maintaining a desirable distance from the downtown core. This property presents a unique opportunity for businesses seeking a well-maintained, renovated space in a thriving Seattle neighborhood. The building is classified as Class C and features multiple tenancies.

Property profile

Verified
Property type Specialty properties
Year built 1948
Total area 11,069 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1215 Bailey St Seattle, WA 98108
Seattle metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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