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Property profile & analytics
OFF-MARKET
Strip malls

209 12Th Ave Seattle, WA 98144

234,505 SF Built 2021
Property ID
Property summary
AI-generated overview

This exceptional retail opportunity is located at 209 12th Ave S, Seattle, WA 98144, in the vibrant Downtown Seattle submarket, specifically within the Yesler Terrace/First Hill/International District cluster. The property, known as Mason & Main, is a single, ten-story building totaling 234,505 square feet situated on a 47,815 square foot lot. Constructed in 2021, it offers multiple tenancy options with three available spaces ranging from 804 to 2,017 square feet. These spaces are located on the ground floor of a LEED Gold certified, 550-unit residential development, ensuring a substantial and diverse customer base. The building enjoys a prime, signalized intersection at 12th Ave South & Boren Ave, bridging dynamic neighborhoods and benefiting from proximity to Seattle University, Swedish Medical Center, Harborview Medical Center, and key retail and restaurant zones. The location is also conveniently situated on the First Hill Seattle Streetcar line, providing excellent accessibility. The landlord is providing white-box build-outs for the remaining two spaces, with completion expected in late March 2024. This development serves as a gateway to over 2,385 residential units in Yesler Terrace, offering unparalleled access to a large residential population. The King County property (APN 9822000330) presents a unique chance to be part of a significant transformation in this key corridor.

Property profile
Verified
Property type Strip malls
Year built 2021
Total area 234,505 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
  • Seattle Community Connect Real Estate Agency
  • Blink Charging Station Electric Vehicle Charging Station
  • Mason & Main Real Estate Agency
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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