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Property profile & analytics
OFF-MARKET Estimated value $5,035,000
Retail space

517 Pike St Seattle, WA 98122-3617

26,950 SF 0.32 ac lot Built 1910
Entity Owned 6-yr Hold Free & Clear
Property ID
US90-0189533
Property summary
AI-generated overview

This exceptional 7,000 square foot retail space, located at 517 E Pike Street in Seattle's vibrant Capitol Hill neighborhood, presents a unique opportunity. Situated within a historic Autorow building, this multi-tenant property offers one available space ideal for a variety of businesses. The space boasts abundant natural light, thanks to large windows facing north, east, and south, complemented by two expansive central skylights. The property is classified as both retail and office, providing flexibility for diverse uses. The lease terms offer a one-year initial lease followed by month-to-month options, providing adaptability for your business needs. This prime location within the bustling Capitol Hill retail core ensures high visibility and foot traffic. The property is located in King County, Washington, with the precise address being 517 E Pike St, Seattle, WA 98122. Its convenient location offers easy access to various amenities and transportation options. This space is perfect for businesses seeking a blend of historic charm and modern functionality in a thriving urban setting. The building's character and the space's natural light create a welcoming and productive environment. Don't miss this chance to establish your business in this highly desirable location.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1910
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 26,950 SF
Lot 0.32 ac (14,000 SF)
Zoning code NC3P-75 (M)
APN 880490-0910
UPID US90-0189533
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
  • Ragen & Associates Landscaping General Contractor
  • The Last Drop Bottle Shop - Capitol Hill Bar & Pub
  • Late Night Vintage Market Electronics & Wireless Store
  • Washington United for Marriage - Capitol Hill Action Center Volunteer Organization Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$6.18M
Comparable Approach Comparable
$3.44M
Blend (final) Blend
$5.04M
Owner & transaction history
Ar Pike II LLC · 6 yrs held
Ar Pike II LLC
since 2020
7 recorded transactions
2020
Price N/A
2001
$1.7M
2001
Price N/A
1991
$925,000
1988
$900,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
NC3P-75 (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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