815 Seattle Blvd S, Seattle, WA 98134
The INS Building, a rare value-add and redevelopment opportunity in Seattle consists of a five-story, 75,624 square-foot building, situated on over one acre of land on the periphery of Downtown Seattle and overlooking Pioneer Square and the Stadium District. The location offers access to world-class amenities, with T-Mobile Park, Century Link Field and WaMu Theater within blocks, some of Seattle’s newest and most popular restaurants steps away, and only a short walk to the Seattle Waterfront. Additionally, the site offers a strategic and convenient proximity to Seattle’s many mass-transit options, including Link Light Rail, 50+ regional bus routes, ferries & water taxis, and commuter trains. Moreover, the INS Building is located in an Opportunity Zone, providing for deferral, reduction and elimination of past and future capital gains. The Neo-Classically designed building is currently occupied by short-term tenants, providing cash-fl ow to an investor during the repositioning and redevelopment of the property. Benefiting from the flexible International District Mixed (IDM) zoning designation, the asset can be re-positioned into a wide range of commercial and residential uses such as office, multifamily, retail, and hospitality. Along the east side of the building, a 12,888 square foot, vacant parcel, creates significant development potential with the current zoning allowing for structures up to 170 feet in height. Construction of this height would deliver tremendous views of Elliot Bay, Mount Rainier, and the Downtown Seattle.
The INS Building, a rare value-add and redevelopment opportunity in Seattle consists of a five-story, 75,624 square-foot building, situated on over one acre of land on the periphery of Downtown Seattle and overlooking Pioneer Square and the Stadium District. The location offers access to world-class amenities, with T-Mobile Park, Century Link Field and WaMu Theater within blocks, some of Seattle’s newest and most popular restaurants steps away, and only a short walk to the Seattle Waterfront. Additionally, the site offers a strategic and convenient proximity to Seattle’s many mass-transit options, including Link Light Rail, 50+ regional bus routes, ferries & water taxis, and commuter trains. Moreover, the INS Building is located in an Opportunity Zone, providing for deferral, reduction and elimination of past and future capital gains. The Neo-Classically designed building is currently occupied by short-term tenants, providing cash-fl ow to an investor during the repositioning and redevelopment of the property. Benefiting from the flexible International District Mixed (IDM) zoning designation, the asset can be re-positioned into a wide range of commercial and residential uses such as office, multifamily, retail, and hospitality. Along the east side of the building, a 12,888 square foot, vacant parcel, creates significant development potential with the current zoning allowing for structures up to 170 feet in height. Construction of this height would deliver tremendous views of Elliot Bay, Mount Rainier, and the Downtown Seattle.
