Office

INS Building | Value Add Office & Development Site | Opportunity Zone

815 Seattle Blvd S, Seattle, WA 98134

Listing Price: Request For Offer

Gross SF
75,624
Rentable SF
75,624
Lot Size
1.03 acres
Year Built
1930

Investment Overview

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.

Investment Highlights

  • CORE SEATTLE REPOSITIONING & DEVELOPMENT OPPORTUNITY
  • OPPORTUNITY ZONE SITE
  • DEVELOPMENT OPPORTUNITY
  • EPICENTER OF SEATTLE'S TRANSPORTATION SYSTEM
  • IN-PLACE INCOME
  • REINFORCED CONCRETE STRUCTURE & FOUNDATION
  • SIGNIFICANT CAPITAL IMPROVEMENTS

Exclusively Listed By

  • Brian Mayer

    Vice President Investments

    Email Brian

    License(s): WA: 108682

    Seattle

  • Rich Day

    Senior Associate

    Email Rich

    License(s): WA: 110473

    Seattle

Financing By

Office

INS Building | Value Add Office & Development Site | Opportunity Zone

Listing Price: Request For Offer

Gross SF
75,624
Rentable SF
75,624
Lot Size
1.03 acres
Year Built
1930

Investment Highlights

  • CORE SEATTLE REPOSITIONING & DEVELOPMENT OPPORTUNITY
  • OPPORTUNITY ZONE SITE
  • DEVELOPMENT OPPORTUNITY
  • EPICENTER OF SEATTLE'S TRANSPORTATION SYSTEM
  • IN-PLACE INCOME
  • REINFORCED CONCRETE STRUCTURE & FOUNDATION
  • SIGNIFICANT CAPITAL IMPROVEMENTS

Investment Overview

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.

Exclusively Listed By

  • Brian Mayer

    Vice President Investments

    Email Brian

    License(s): WA: 108682

    Seattle

  • Rich Day

    Senior Associate

    Email Rich

    License(s): WA: 110473

    Seattle

Financing By

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