2117 2Nd Ave Seattle, WA 98121
For Sale
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This exceptional mixed-use building, located at 2117 2nd Ave in Seattle's vibrant Belltown neighborhood, presents a rare owner-user opportunity. Built in 1923 and renovated in 1990, this two-story, 10,380 square foot property boasts a versatile layout ideal for creative office and retail uses. The ground floor features a large, open concept with impressive 17-foot ceilings in sections, providing ample space for various configurations. A 3,900 square foot mezzanine level includes a convenient kitchenette. The property also includes a secure, 6,480 square foot garage level with a sprinkler system. Situated on a 6,480 square foot lot, this Class C building is zoned DMR/R 95/65, offering significant flexibility. Its prime location provides easy access to the Seattle Waterfront, Pike Place Market, Seattle Center, and the Space Needle, ensuring high visibility and accessibility. This property offers strong potential for both immediate use and future redevelopment, making it an attractive investment for discerning buyers. The building's central location and adaptable space create a unique opportunity to establish a thriving business in a highly desirable area of Seattle. This is a remarkable chance to acquire a well-positioned asset with significant upside potential. The property has been meticulously maintained and is ready for immediate occupancy.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
DMR/C 95/65 · Seattle, WASeattle. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.