$1,998,000
This 10,800 SF three-story property at the intersection of Capitol Hill and Downtown Seattle is located within the Pike/Pine corridor with proxiity to employment, retail, entertainment, and residential amenities. The property is currently leased to an established tenant at $12,000 per month + NNN Expenses. Potential repositioning strategies include mixed-use residential apartments with retail, hotel or hostel accommodations, gallery or artist spaces, work lofts, creative or traditional office uses, or continued operation as a membership-based private club. The in-place cash flow offers a foundation from which to evaluate future repositioning or redevelopment strategies, while the property’s central location and building configuration provide multiple avenues for long-term value creation. Exterior: Wood Frame; Heat: Hot Water; Roof: Flat - TPO Membrane; Zoning: NC3P-95 (M)
2582606
MLS
⋅
ACTIVE
Status
1117 Pike Street, Seattle
Listing Broker: Westlake Associates, Inc.; Peter D. Hiatt; 206-505-9408; peterhiatt@westlakeassociates.com
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