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Property profile

170 Mercer St Seattle, WA 98109

OFF-MARKET
Office buildings
Property ID
US90-0950308
8,036 SF 0.35 ac lot Built 1951
Last sale Jun 2025 · $5,500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional 15,360 sq ft development site at 170 Mercer St, Seattle, WA 98109, offers unparalleled potential. Zoned SM-UP 85 (M1), it allows for mixed-use development, including residential, commercial, or hospitality uses. Its strategic location adjacent to Seattle Center and Climate Pledge Arena, with easy I-5 access, ensures high visibility and foot traffic. The corner lot at Mercer Street and 2nd Avenue North provides maximum exposure. Development benefits from streamlined design…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$65k
Tax billed · 2022
Assessed value$7.68M
Assessed land$7.68M
Assessed improvement$1k
Effective rate0.85%

Value estimate

· Oct 2026No data for this section
What is it worth?

No value estimate could be modeled: the record carries too little market input for this parcel.

Recently sold

What actually traded nearby?
$409/SF
ZIP average, outlier-cleaned · 28 recorded sales of this use type
Observed band · Q1–Q3$227 – $743

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
SM-UP 85 (M1)
JurisdictionKING

Location intelligence

Which uses thrive at this corner?
Best fit: Electrical Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Electrical Service10.3
Laundromat10.3
Auto Parts Store9.3

Location

170 Mercer St Seattle, WA 98109-4280
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
611 Pontius N, Seattle, WA 98109-5522 $2,500,000 Nov 2025 4,526 SF
817 5th N, Seattle, WA 98109-3907 $1,875,000 Mar 2025 7,360 SF
2120 1st N, Seattle, WA 98109-2301 $3,150,000 May 2024 13,320 SF
222 Dexter N, Seattle, WA 98109-5104 $171,957,614 Apr 2024 6,710 SF
557 Roy, Seattle, WA 98109-4219 $29,000,000 Jul 2022 6,820 SF
2476 Westlake N, Seattle, WA 98109-2263 $4,000,000 Dec 2021 4,277 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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