3200 1St Ave Seattle, WA 98134
- Office buildings
- 30,960 SF
- 0.83 lot acres
Current Use by Public Records
- MXTreality / Media Consultant / Corporate Office
- Stacey Brower: Kendra Todd Group / Real Estate Agency
- Sodo Park / Wedding Venue / Caterer
- Rotary First Harvest - Food Distribution Center / Food Bank
- Herban Design Studio / Event Venue / Florist
Property Details for 3200 1St Ave
- Year built
- 1916
- Construction
- WOOD
- Lot size
- 0.83 lot acres
- Property size
- 30,960 SF
- Zone code
- IG2 U/85
- Property type
- Office buildings
- APN
- 766620-5935
- APU
- 7666205935
Description
This exceptional 2,200 square foot office space is situated in the vibrant SODO Park submarket of Downtown Seattle. Located on the first floor, this single-tenant property offers excellent street visibility and exposure on 1st Avenue, providing high foot traffic and brand recognition opportunities. The building itself is a Class B, two-story structure totaling 36,716 square feet, constructed in 1916, and sits on a 0.83-acre lot (36,155 square feet). The property's IG2 U/85 zoning allows for a variety of uses. Its convenient location offers easy access to major transportation arteries, including I-5 and I-90, ensuring seamless commutes for employees and clients. The surrounding area boasts a wealth of amenities, including nearby businesses, banking institutions, diverse restaurants, and various retail services. This space is ideal for businesses seeking a prominent location with excellent accessibility and a strong support infrastructure. The property is available for occupancy on April 1st, 2025, or sooner with 45 days' notice. The APN is 766620-5935. This presents a unique opportunity to secure a well-positioned office space in a thriving Seattle neighborhood.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $12,660,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $12,725,000
- 6.5%
- $13,550,000
- 7%
- $13,360,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $14,395,000
- Geo Method
- $14,595,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $13,940,000
- Retail
- $14,450,000
- Mixed-Use
- $12,185,000
- Hospitality
- $14,975,000
- Educational
- $10,995,000
- Residential Income
- $14,280,000
- Energy
- $14,795,000
- Income-Based Land
- $13,895,000
- Food Service
- $14,400,000
Location Insight
- Map
- Local Demand
- City
- Seattle
- County
- King
- State
- Washington
- Longitude
- -122.334
- Latitude
- 47.575
- CBSA code
- 42660
- CBSA name
- SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
