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    FOR LEASE
    Commercial real estate

    625 1St Ave, Seattle, WA 98104

    12,360 SF 0.08 ac lot Built 1900
    Entity Owned 11-yr Hold Free & Clear
    Property ID
    US90-0167915
    625 1St Ave, Seattle, WA 98104 For Lease
    $11 SF/Yr
    625 1St Ave, Seattle, WA 98104
    View Listing →
    Property summary
    AI-generated overview

    The Emerald City Building, a historic Seattle landmark at 625 1st Ave, 98104, offers exceptional creative office space for lease. This three-story, Class B building, totaling 12,360 square feet, boasts a unique blend of character and modern functionality. Originally constructed in 1900 and renovated in 1970, the building provides a compelling atmosphere for businesses seeking a distinctive workspace. Currently, there are multiple tenancies available, with three individual spaces ranging from 1,051 to 2,354 square feet. A significant portion of the building is currently vacant, totaling 5,504 square feet, presenting a rare opportunity for businesses to customize their ideal office environment. The building's location in the heart of Seattle offers unparalleled access to the city's vibrant cultural scene, diverse amenities, and robust transportation network. This is an exceptional opportunity to secure prime office space in a highly sought-after location. The open plan layout provides flexibility for various business needs and configurations. Inquire today to learn more about leasing options and explore the possibilities of establishing your business in this iconic Seattle building.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1900
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 12,360 SF
    Lot 0.08 ac (3,600 SF)
    Zoning code PSM 100/100-130
    APN 859140-0060
    UPID US90-0167915
    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
    • DECODE, Inc. Training Center
    • Film Connection Film Institute Vocational School Training Center
    • Jay Windland Creative Services Film Production Television Studio
    • Señor Carbón Peruvian Cuisine Restaurant
    • Spees Design Build Construction Company General Contractor
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $2.51M
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.97M
    Owner & transaction history
    Diamond Parking INC · 11 yrs held
    Diamond Parking INC
    since 2015
    7 recorded transactions
    2015
    $2.7M
    2002
    2002
    1999
    $1.0M
    1998
    $233,009
    1996
    $660,000
    1995
    Zoning & alternative use
    PSM 100/100-130 · Seattle, WA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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