Listed by Lauren Hendricks, Windermere Real Estate Midtown
- Commercial Industrial
- Type
- 1979
- Year built
- 12,000 sq ft
- Lot
- 483
- Days on market
About this property
Remodeled 4-story office building featuring a secured lobby entrance, 23+ off-street parking spaces, building conference room, shower facility, hospital grade HEPA filtration system and incredible views of the Ship Canal and Fisherman's Terminal from every floor. Great location close to Vertical World Climbing Gym, Discovery Park, and many great restaurants and breweries. This is an excellent opportunity for an investor or an owner-user to acquire an updated property with stabilized income from long-term tenants with below market rents. Flexible leases allowing a new owner to occupy a portion or all of the building. 4.6% cap rate based on current income and 62% occupancy. Actual 10%+ cap rate with 90% occupancy. Please don't disturb current tenants.
Location & commute
Add a destination (work, gym, school) for directions and drive time.
Property details
Listing details
- Listing number
- #2321503
- Listed
- January 9, 2025
- Days on market
- 483
- Original list price
- $3,500,000
Parking
- Covered spaces
- 10
Construction
- Year built
- 1979
- Style
- 61 - Comm Bldg Ovr 10K
- Structure
- Unspecified
- Roof
- Built-UpFlat
Heating & cooling
- Heating
- 90%+ High EfficiencyHRV/ERV System
- Cooling
- 90%+ High EfficiencyCentral AirHEPA Air Filtration
- Energy source
- Electric
Flooring
- Flooring
- Ceramic TileConcreteLaminateCarpet
Lot
- Lot size
- 12,000 sq ft
Terms
- Terms offered
- CashConventional
Utilities
- Water
- Seattle Public Utilities
- Sewer
- Seattle Public Utilities
- Power
- Seattle City Light
What stands out to you?
Mark features you love or could do without. Saved on this device to tune what you see.
- Unspecified
- Built-Up
- Flat
- 90%+ High Efficiency
- HRV/ERV System
- Central Air
- HEPA Air Filtration
- Electric
- Ceramic Tile
- Concrete
- Laminate
- Carpet
Listing history
Listed
$3,500,000
January 9, 2025
Current price
$2,500,000
Derived from current MLS listing fields. Full multi-cycle status history is on the roadmap.
Payment estimate
An estimate to help you plan, not a loan offer or financial advice.
Est. monthly
$14,558
- Principal & interest
- $12,641
- Property tax (est.)
- $1,917
Assumes $500,000 down (20%), a $2,000,000 loan at 6.5% over 30 years. Property tax is an estimated figure, not MLS data (verify with the county assessor). Excludes insurance, PMI, and closing costs. Not a commitment to lend or financial advice.
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Based on information submitted to the MLS GRID as of July 14, 2026 at 12:15 AM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.