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Property profile

2207 3Rd Ave Seattle, WA 98121

OFF-MARKET
Retail properties & Spaces
1,515 SF

Property summary

AI-generated overview

This exceptional 1,515 square foot commercial space, located at 2207 3rd Ave, Suite C-2 in Seattle's vibrant Belltown neighborhood (zip code 98121), presents a unique investment opportunity. Currently operating at 100% occupancy under a modified lease, this Class B property is ideally suited for a variety of uses, including creative, executive, or traditional office space, or retail. Situated on a prominent corner location at the base of The Grandview luxury condominiums, the space boasts excellent street visibility and signage opportunities, maximizing exposure to the high foot traffic of this bustling area. Ten large storefront windows provide exceptional connection with the community. The interior features an in-suite bathroom, a small kitchenette, and ample storage space. The property's location offers unparalleled convenience, with numerous restaurants and shops nearby, and close proximity to Seattle's waterfront, Pike Place Market, and the Olympic Sculpture Park. The asking price is $860,000, translating to $567.66 per square foot. Please note that the space is currently occupied. This property represents a strong investment in a thriving Seattle location.

Property profile

Verified
Property type Retail properties & Spaces
Total area 1,515 SF

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Alternative Medicine Practice Spa & Massage Center
  • Hair Salon

Value estimations

Realmo proprietary · 4 methods
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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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