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Property profile & analytics
FOR LEASE
Banks

2764 1St Ave S Seattle, WA 98134

15,360 SF 0.62 ac lot Built 1946
Entity Owned 9-yr Hold ~ Est. High Equity
Property ID
US90-0354907
Property summary
AI-generated overview

This exceptional commercial property offers a unique opportunity to lease a versatile space ideal for executive offices or retail use. Located in a high-traffic area, this lower-level suite boasts a generous 4,812 square feet of usable space within a larger building totaling 15,000 square feet. The building currently features multiple tenants, creating a vibrant and dynamic environment. The available space is perfect for businesses seeking a prominent location with ample room for growth and expansion. While the building does not have elevators, the lower-level access is convenient and easily accessible. The property's classification as Retail, Office, and Special Purpose highlights its adaptability to a wide range of business needs. The overall building is well-maintained and offers a professional atmosphere. This is a rare opportunity to secure a substantial space in a desirable location, with the flexibility to customize the layout to meet your specific requirements. A total of 6,269 square feet is currently vacant within the 15,000 square foot building, presenting additional expansion possibilities for the right tenant. The property's strategic location and versatile nature make it an attractive option for businesses seeking a high-visibility presence. Contact us today to schedule a viewing and explore the possibilities.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1946
Construction CONCRETE
Total area 15,360 SF
Lot 0.62 ac (27,000 SF)
Zoning code IG2 U/85
APN 766620-6055
UPID US90-0354907
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Bank of America ATM Atm
  • A436 Parking Lot & Garage
  • Kemp's Cannabis SODO (Bike/Boat/Book/etc) Store
  • 2764 1st Ave S Parking Parking Lot & Garage
  • Bank of America Financial Center Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$335k
CAP Approach CAP
by Request
Comparable Approach Comparable
$700k
Blend (final) Blend
$515k
Owner & transaction history
51-1027 LLC · 9 yrs held
51-1027 LLC
since 2017
7 recorded transactions
2017
$2.7M
2014
$1.9M
2014
Price N/A
2007
Price N/A
2007
$1.3M
2004
$531,395
1969
Price N/A
Zoning & alternative use
IG2 U/85 · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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