Skip to main content

Multifamily

OK Hotel

212 Alaskan Way S, Seattle, WA 98104

Listing Price: Request For Offer

Number of Units
69
Gross SF
25,341

Investment Overview

Located on Alaskan Way with waterfront views in the heart of Seattle’s bustling Pioneer Square neighborhood, the OK hotel is a historic mixed use building with a rich history catering to Seattle’s lively and creative music scene. The OK Hotel was constructed in 1917 on a concrete foundation with a reinforced wood frame and brick façade sitting on a lot totaling approximately 8,114 square feet. The OK Hotel features a combination of studios and one bedrooms totaling 44 rent restricted residential units at 30%, 50% and 60% AMI. The property also features 23 art studios and 2 retail units located on the first floor and basement. Unit amenities include full kitchen with electric range, oven, and dishwasher with utilities included in the rent. Common area amenities include elevator, secured entrance, and a laundry facility. The property is immediately across the street from Seattle’s Pier 50 and residents have access to beautiful waterfront views of the Puget Sound. The Seattle waterfront is currently going through a massive redevelopment of which the OK Hotel will be a direct beneficiary. The property is blocks from the heart of downtown Seattle which makes commuting desirable as it boast a perfect 100-transit score and a near perfect walk score of 97. The OK Hotel is within one mile of the world famous Pike Place Market offering its visitors a plethora of activities from experiencing the live “fish throw” to Seattle’s famous coffee culture. The Columbia St. Light Rail Station is located within 3 blocks of the property, providing access to 22 stations all across Seattle. The OK Hotel is an excellent opportunity to own a rare historical property along the waterfront of Seattle. Given the rapid rise in median income over the past decade, this property has potentially significant upside despite income restrictions.

Investment Highlights

  • Waterfront views in the heart of Pioneer Square
  • Close to downtown with a transit score of 100
  • Light rail station within three blocks of the property

Exclusively Listed By

Financing By

  • Tammy Linden

    Vice President Capital Markets

    Direct:

    Email Tammy

    Seattle, WA

Listing Price: Request For Offer

Number of Units
69
Gross SF
25,341

Investment Highlights

  • Waterfront views in the heart of Pioneer Square
  • Close to downtown with a transit score of 100
  • Light rail station within three blocks of the property

Investment Overview

Located on Alaskan Way with waterfront views in the heart of Seattle’s bustling Pioneer Square neighborhood, the OK hotel is a historic mixed use building with a rich history catering to Seattle’s lively and creative music scene. The OK Hotel was constructed in 1917 on a concrete foundation with a reinforced wood frame and brick façade sitting on a lot totaling approximately 8,114 square feet. The OK Hotel features a combination of studios and one bedrooms totaling 44 rent restricted residential units at 30%, 50% and 60% AMI. The property also features 23 art studios and 2 retail units located on the first floor and basement. Unit amenities include full kitchen with electric range, oven, and dishwasher with utilities included in the rent. Common area amenities include elevator, secured entrance, and a laundry facility. The property is immediately across the street from Seattle’s Pier 50 and residents have access to beautiful waterfront views of the Puget Sound. The Seattle waterfront is currently going through a massive redevelopment of which the OK Hotel will be a direct beneficiary. The property is blocks from the heart of downtown Seattle which makes commuting desirable as it boast a perfect 100-transit score and a near perfect walk score of 97. The OK Hotel is within one mile of the world famous Pike Place Market offering its visitors a plethora of activities from experiencing the live “fish throw” to Seattle’s famous coffee culture. The Columbia St. Light Rail Station is located within 3 blocks of the property, providing access to 22 stations all across Seattle. The OK Hotel is an excellent opportunity to own a rare historical property along the waterfront of Seattle. Given the rapid rise in median income over the past decade, this property has potentially significant upside despite income restrictions.

Exclusively Listed By

Financing By

  • Tammy Linden

    Vice President Capital Markets

    Direct:

    Email Tammy

    Seattle, WA

MM Texture Background
MM Textured Background Lower