3120 3rd W Ave Seattle, WA 98119-1902
Property summary
This exceptional owner-user opportunity presents a 2,340 square foot office building situated on a 3,080 square foot lot in Seattle's desirable Queen Anne neighborhood. The property, built in 1964, is a two-story Class B building and is currently vacant, offering immediate occupancy. The asking price is $995,000, translating to $425.21 per square foot. The permitted zoning is MIO-37 LR3 (M), making it suitable for a variety of uses. Its convenient location near Seattle Pacific University and the Fremont neighborhood ensures high foot and vehicle traffic. The Queen Anne area is also adjacent to South Lake Union, a rapidly expanding employment center housing major tech companies like Amazon and Google, as well as numerous biotech firms. This property is ideally suited for professional services, including attorneys, CPAs, insurance agencies, and light medical offices such as dental or vision practices. The address is 3120 3rd Ave W, Seattle, WA 98119, with King County as the county of location. The property features one building and has a total of 2 stories. This presents a rare chance to acquire a well-located, versatile office building in a thriving Seattle neighborhood.
Property profile
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Zoning & alternative use
The intent of this overlay is to regulate major educational and medical institutions. The LR3 promotes multi family uses, in a variety of multifamily housing types in multifamily neighborhoods of moderate scale and densi…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
MIO-37-LR3 (M) · Seattle, WAThe intent of this overlay is to regulate major educational and medical institutions. The LR3 promotes multi family uses, in a variety of multifamily housing types in multifamily neighborhoods of moderate scale and densi…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for MIO-37-LR3(M) in Seattle, WA.
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