Property summary
This exceptional 2,352 square foot medical office condominium, located at 1229 Madison St, Seattle, WA 98104, presents a unique investment opportunity. Situated in the heart of Seattle's medical district, this Class B property boasts a desirable location, offering convenient access to Swedish Hospital and nearby amenities. The space comprises two combined units (1440/1430), currently 98% occupied, and is available for sale at $1,750,000 ($744.05/sq ft). The property features a complete medical office build-out, ready for immediate occupancy. Recent upgrades include new flooring, paint, a reception desk, and cabinets. An on-site parking garage provides 430 covered stalls, along with free short-term parking options. Enjoy stunning downtown views from this well-maintained space. The net lease structure offers flexibility, with the possibility of leasing back a portion to the seller. This turnkey solution is perfect for owner-users seeking a high-quality, established medical practice location in a vibrant urban setting. The property's proximity to restaurants and cafes adds to its appeal. This is a rare opportunity to acquire a thriving medical office space in a highly sought-after Seattle location.
Property profile
VerifiedCap rate & NOI
Current use
-
Dental Office
-
Medical Clinic
-
Medical Clinic
-
Dental Office
-
Dental Office
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.