2218 1st Ave | Seattle, WA 98121
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- LoopNet Team
2218 1st Ave
Seattle, WA 98121
First & Bell Fully Permitted MF Investment · Retail Property For Sale
Investment Highlights
- Two-story retail asset primed for redevelopment in the highly sought-after Belltown neighborhood in Seattle, Washington.
- Rare opportunity to invest in the distinctly coveted Seattle Market with a premier multi-family redevelopment site with ground-floor retail potential.
- Premier downtown location catering to a multitude of residents and businesses, and just a short walk to the Amazon Campus which employs 50,000 people.
- Both a demo permit and building permits have been obtained (conveyed with the property), and crane swing and tie back easements are in place.
- Conveniently zoned in the DMR/C 95/65 Downtown Mixed Residential/Commercial District allows for FAR of Daily short-term rental for 18 units(2 floors).
- Subject to 2015 Energy code, approximate cost savings of $1.25M +/-.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Bar
Building Size
8,515 SF
Building Class
C
Year Built
1985
Tenancy
Single
Building Height
2 Stories
Building FAR
1.29
Lot Size
0.15 AC
Zoning
DMR-R 95/65
Frontage
44 ft on 1st Ave
PROPERTY TAXES
| Parcel Number | 197720-0646 | Improvements Assessment | $1,431 |
| Land Assessment | $5,006,512 | Total Assessment | $5,007,944 |
PROPERTY TAXES
Parcel Number
197720-0646
Land Assessment
$5,006,512
Improvements Assessment
$1,431
Total Assessment
$5,007,944
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