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Property profile

209 12Th Ave Seattle, WA 98144

OFF-MARKET
Strip malls
234,505 SF Built 2021
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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

Current use

Occupant on record · Public records
  • Real Estate Agency
  • Electric Vehicle Charging Station
  • Real Estate Agency

Location

209 12Th Ave Seattle, WA 98144
Seattle metro
Google Maps

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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