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Shopping Strip

Fischer Studio Retail Condominiums

1519 3rd Ave, Seattle, WA 98101

Listing Price: $3,230,000

Cap Rate
7.00%
Rentable SF
9,234
Lot Size
0.23 acres
Year Built
1913

Investment Overview

Marcus & Millichap’s Brown Retail Group has been selected to exclusively market for sale Fischer Studio Retail Condominiums a rare street level retail investment priced below market in the high-barrier to entry Retail Corridor of Downtown Seattle. Potential financing by Seller available. The investment is located across the street from 700,000 SF of Amazon office space making this a prime owner/User or Value-Add opportunity. The condominiums are also located among rapid urban development with a large 531-unit mixed use apartment building undergoing permit review directly behind on 2nd Avenue. A future owner will also benefit from 3rd improvements to Union and Pike St which are apart of the Seattle Waterfront project.

Investment Highlights

  • RARE OPPORTUNITY IN HISTORICALLY HIGH-BARRIER TO ENTRY MARKET
  • EXCELLENT LOCATION IN CENTRAL DOWNTOWN SEATTLE
  • ACROSS FROM FUTURE AMAZON OFFICE
  • AFFLUENT, HIGH-GROWTH DEMOGRAPHICS
  • VALUE-ADD OPPORTUNITY
  • INCOME TAX FREE STATE

Exclusively Listed By

Shopping Strip

Fischer Studio Retail Condominiums

Listing Price: $3,230,000

Cap Rate
7.00%
Rentable SF
9,234
Lot Size
0.23 acres
Year Built
1913

Investment Highlights

  • RARE OPPORTUNITY IN HISTORICALLY HIGH-BARRIER TO ENTRY MARKET
  • EXCELLENT LOCATION IN CENTRAL DOWNTOWN SEATTLE
  • ACROSS FROM FUTURE AMAZON OFFICE
  • AFFLUENT, HIGH-GROWTH DEMOGRAPHICS
  • VALUE-ADD OPPORTUNITY
  • INCOME TAX FREE STATE

Investment Overview

Marcus & Millichap’s Brown Retail Group has been selected to exclusively market for sale Fischer Studio Retail Condominiums a rare street level retail investment priced below market in the high-barrier to entry Retail Corridor of Downtown Seattle. Potential financing by Seller available. The investment is located across the street from 700,000 SF of Amazon office space making this a prime owner/User or Value-Add opportunity. The condominiums are also located among rapid urban development with a large 531-unit mixed use apartment building undergoing permit review directly behind on 2nd Avenue. A future owner will also benefit from 3rd improvements to Union and Pike St which are apart of the Seattle Waterfront project.

Exclusively Listed By

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