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Shopping Strip

Third Ave Retail Condominums

1519 3rd Ave, Seattle, WA 98101

Listing Price: $3,615,000

Cap Rate
6.00%
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 Third Ave Retail Condominiums, a rare high-barrier to entry retail investment priced below market on a price per square foot basis located in downtown Seattle. The property is located across the street from 700,000 SF of Amazon office space making this a prime owner/user or value-add opportunity. The property is also located among rapid urban development with a large 531-unit mixed-use apartment building undergoing permit review directly behind the Subject Property on 2nd Avenue. A future owner will also benefit from improvements made to Union and Pike St per the ongoing Seattle Waterfront project.

Investment Highlights

  • CENTRALLY LOCATED AMONG RAPID URBAN DEVELOPMENT
  • OWNER/USER OPPORTUNITY
  • STRONG RETAIL CORRIDOR
  • RARE OPPORTUNITY IN HIGH BARRIER TO ENTRY MARKET
  • EXCELLENT LOCATION
  • ACROSS FROM FUTURE AMAZON DEVELOPMENT
  • AFFLUENT DEMOGRAPHICS
  • VALUE ADD OPPORTUNITY

Exclusively Listed By

Shopping Strip

Third Ave Retail Condominums

Listing Price: $3,615,000

Cap Rate
6.00%
Rentable SF
9,234
Lot Size
0.23 acres
Year Built
1913

Investment Highlights

  • CENTRALLY LOCATED AMONG RAPID URBAN DEVELOPMENT
  • OWNER/USER OPPORTUNITY
  • STRONG RETAIL CORRIDOR
  • RARE OPPORTUNITY IN HIGH BARRIER TO ENTRY MARKET
  • EXCELLENT LOCATION
  • ACROSS FROM FUTURE AMAZON DEVELOPMENT
  • AFFLUENT DEMOGRAPHICS
  • VALUE ADD OPPORTUNITY

Investment Overview

Marcus & Millichap’s Brown Retail Group has been selected to exclusively market for sale Third Ave Retail Condominiums, a rare high-barrier to entry retail investment priced below market on a price per square foot basis located in downtown Seattle. The property is located across the street from 700,000 SF of Amazon office space making this a prime owner/user or value-add opportunity. The property is also located among rapid urban development with a large 531-unit mixed-use apartment building undergoing permit review directly behind the Subject Property on 2nd Avenue. A future owner will also benefit from improvements made to Union and Pike St per the ongoing Seattle Waterfront project.

Exclusively Listed By

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