700 3rd Ave, Seattle, WA 98104-1894
This exceptional opportunity presents two available restaurant spaces within the Arctic Club Hotel, a prominent building totaling 104,352 square feet. Located at 700 3rd Ave in the heart of Downtown Seattle, WA 98104, this property offers unparalleled access to Seattle's vibrant culinary scene. The spaces range from 2,042 to 3,000 square feet, providing flexibility for various restaurant concepts. The building's prime location places it adjacent to Seattle's first proposed supertall skyscraper, ensuring high visibility and foot traffic. Furthermore, its proximity to Seattle's thriving tech startup community, popular restaurants, Lumen Field, T-Mobile Park, and the Seattle Waterfront guarantees a diverse and substantial customer base. The estimated net operating expenses are $13.00 per square foot. This is a rare chance to establish a successful restaurant in one of Seattle's most desirable and high-traffic areas. King County location provides access to a large and diverse population. Please note that employees should not be disturbed.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
DOC1 U/450/U · Seattle, WASeattle. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.