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    OFF-MARKET
    Hotels

    700 3rd Ave, Seattle, WA 98104-1894

    104,352 SF 0.33 ac lot Built 1916
    Entity Owned 3-yr Hold ~ Est. High Equity
    Property ID
    US90-1444254
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Hotels
    Use group HOTEL/MOTEL
    Year built 1916
    Construction CONCRETE
    Total area 104,352 SF
    Lot 0.33 ac (14,280 SF)
    Zoning code DOC1 U/450/U
    APN 094200-0610
    UPID US90-1444254
    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
    • Marketli Advertising Agency Marketing & Advertising
    • Arctic Club Hotel Hotel & Motel
    • The Arctic Club Seattle - a DoubleTree by Hilton Hotel Hotel & Motel
    • Polar Bar Bar & Pub
    • Global Audio Visual Resources IT Consulting Firm Tech Support Center
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    The Arctic Club Hotel LLC · 3 yrs held
    The Arctic Club Hotel LLC
    since 2022
    Last sale
    $30.3M
    6 recorded transactions
    2022
    $30.3M
    2005
    1988
    1969
    1969
    1969
    Zoning & alternative use
    DOC1 U/450/U · Seattle, WA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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