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Property profile & analytics
FOR LEASE
Assisted living facilities

301 1St Ave S Seattle, WA 98104

18,010 SF 0.1 ac lot Built 1900
Individually Owned ~ Est. High Equity
Property ID
US90-0812547
Property summary
AI-generated overview

The Globe Building, a historic Class B office and restaurant property located in the heart of King County's CBA Pioneer Square submarket, presents a unique investment opportunity. This single, four-story building, constructed in 1900 and renovated in 1979, boasts a total of 69,817 square feet. Currently, there are 3,342 square feet of vacant space available, divisible into units as small as 445 square feet, with a maximum contiguous space of 1,500 square feet. The building features attractive architectural details including high ceilings (11-12 feet), hardwood floors, and large windows, creating a desirable workspace. Its prime location at the intersection of 1st Ave. S. and S. Main provides excellent visibility and accessibility. The building includes elevators for convenient access to all four floors. The 0.31-acre site offers a blend of historic charm and modern functionality, making it ideal for a variety of executive office tenants. Multiple tenancy options are available, catering to businesses of varying sizes. This property represents a rare chance to secure space in a landmark building within a thriving urban core.

Property profile
Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1900
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 18,010 SF
Lot 0.1 ac (4,440 SF)
Zoning code PSM-100
APN 524780-0190
UPID US90-0812547
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
  • 301 1st Ave W Parking Parking Lot & Garage
  • Melissa M. Garthwaite, MA Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.16M
Owner & transaction history
Bread Of Life Mission Assn
Bread Of Life Mission Assn
1 recorded transaction
1969
Price N/A
Zoning & alternative use
PSM-100 · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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