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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

1123 1St Ave Seattle, WA 98101

22,493 SF Built 1902
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1902
Total area 22,493 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
  • 028 Barber Shop Downtown Seattle Barber Shop
  • American Cutting Company Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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