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Single-Tenant Office

2112 1st Ave | Mixed-Use Opportunity

2112 1st Ave, Seattle, WA 98121

Listing Price: $6,500,000

Cap Rate
6.01%
Gross SF
13,320
Rentable SF
13,320
Price/Gross SF
$487.99
Lot Size
0.15 acres
Year Built
1904

Investment Overview

Marcus & Millichap is pleased to present the 2112 1st Avenue Building in Seattle. The subject property is a very rare opportunity for an owner/user or investor to acquire an extremely well-maintained and well-located property in the Belltown neighborhood of downtown Seattle. The subject property is a 13,320-square foot of?ce property that offers an increasingly solid opportunity in the epicenter of one of the top of?ce markets in the entire country. This highly functioning of?ce property allows for all types of of?ce uses and retail uses, ?tting an ever growing range of tenant functions to keep up with customer demand in a highly-accessible and desirable location. The property itself offers a new owner tremendous opportunity to capitalize on the reemergence of of?ce and retail tenants and respective rent growth, while maintaining an excellent asset to capture appreciation as the community and economy of Seattle continue to thrive.

Investment Highlights

  • Highly Functional Asset - Can Accommodate All Office and Retail Uses
  • 13,320-Square Foot Professional Office/Retail Investment Opportunity for an Investor or Owner/User
  • Phenomenal Location - Located Two Blocks From Historic Pike Place Market, Pierr 66, Amazon HQ, and the Alaskan Way Water - Seattle's New $1B Waterfront Redevelopment Project
  • Ideally Located on 1st Avenue in Belltown, Seattle. Offering Convenient Access to Downtown Seattle and I-5
  • Very High Street and Foot Traffic, With Numerous Medium to Large Sized Companies Nearby
  • Major Employers Including Amazon, Starbucks, Nordstrom, Weyerhaeuser, Expeditors International and Alaska Airlines All In Area of Property
  • Positive Fundamentals -- Office/Retail Vacancy Declining while Rents Increase
  • Development Opportunity - Highly Favorable DMR/C 95/65 Zoning

Exclusively Listed By

Financing By

Single-Tenant Office

2112 1st Ave | Mixed-Use Opportunity

Listing Price: $6,500,000

Cap Rate
6.01%
Gross SF
13,320
Rentable SF
13,320
Price/Gross SF
$487.99
Lot Size
0.15 acres
Year Built
1904

Investment Highlights

  • Highly Functional Asset - Can Accommodate All Office and Retail Uses
  • 13,320-Square Foot Professional Office/Retail Investment Opportunity for an Investor or Owner/User
  • Phenomenal Location - Located Two Blocks From Historic Pike Place Market, Pierr 66, Amazon HQ, and the Alaskan Way Water - Seattle's New $1B Waterfront Redevelopment Project
  • Ideally Located on 1st Avenue in Belltown, Seattle. Offering Convenient Access to Downtown Seattle and I-5
  • Very High Street and Foot Traffic, With Numerous Medium to Large Sized Companies Nearby
  • Major Employers Including Amazon, Starbucks, Nordstrom, Weyerhaeuser, Expeditors International and Alaska Airlines All In Area of Property
  • Positive Fundamentals -- Office/Retail Vacancy Declining while Rents Increase
  • Development Opportunity - Highly Favorable DMR/C 95/65 Zoning

Investment Overview

Marcus & Millichap is pleased to present the 2112 1st Avenue Building in Seattle. The subject property is a very rare opportunity for an owner/user or investor to acquire an extremely well-maintained and well-located property in the Belltown neighborhood of downtown Seattle. The subject property is a 13,320-square foot of?ce property that offers an increasingly solid opportunity in the epicenter of one of the top of?ce markets in the entire country. This highly functioning of?ce property allows for all types of of?ce uses and retail uses, ?tting an ever growing range of tenant functions to keep up with customer demand in a highly-accessible and desirable location. The property itself offers a new owner tremendous opportunity to capitalize on the reemergence of of?ce and retail tenants and respective rent growth, while maintaining an excellent asset to capture appreciation as the community and economy of Seattle continue to thrive.

Exclusively Listed By

Financing By

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