1123 1St Ave Seattle, WA 98101
- Retail properties
- 22,493 SF
Current Use by Public Records
- 028 Barber Shop Downtown Seattle / Barber Shop
- American Cutting Company / Beauty Salon / Hair Salon
Property Details for 1123 1St Ave
- Year built
- 1902
- Property size
- 22,493 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Seattle
- County
- King
- State
- Washington
- Longitude
- -122.338
- Latitude
- 47.6059
