1123 1St Ave Seattle, WA 98101
This exceptional 22,493 square foot storefront retail condominium, located at 1123 1st Ave in Seattle, WA 98101, presents a compelling investment opportunity. Built in 1902, this architectural gem boasts an irreplaceable location within a vibrant Seattle submarket. Currently operating at 57% occupancy, the property offers immediate cash flow from existing tenants, alongside significant upside potential through further leasing of the available suites. The asking price is $8,650,000, translating to a price per square foot of $384.56. This eight-suite retail condominium provides investors with a blend of established income and the chance to capitalize on the strong leasing momentum in this desirable area. The property's inherent beauty and prime location combine to create a truly unique investment prospect with lasting value. King County location ensures access to a robust and growing consumer base. This is a rare chance to acquire a piece of Seattle's rich history while securing a strong financial return. The property's strong in-place cash flow and leasing potential make it an attractive investment for discerning buyers.
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028 Barber Shop Downtown Seattle Barber Shop
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American Cutting Company Hair Salon Nail Salon
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.