Neighborhood Retail | International District 1207 S Jackson St

WPI Real Estate is pleased to exclusively present the Ding How Shopping Center to the market for income-generating and value-add acquisition. Located at 1207 S Jackson Street in Seattle’s Chinatown-International District, the neighborhood center is home to a handful of local tenants and presents upside via leasing momentum of the remaining suites. The subject is three stories among 47,073 square feet on a 0.52-acre parcel. The Ding How Center has served retail, office, and mixed-use tenants well as their signage is highly visible by the Seattle SoundTransit light rail bus stops in front of the building, as well as the strategic location at the signalized intersection of South Jackson Street and 12th Avenue S. South Jackson Street is a heavy pedestrian primary artery in downtown Seattle. Built in 1991, with two passenger elevators and four internal stairwells, the building layout was designed to optimize natural light and airflow. 77 total subterranean garage and surface parking spaces provide ample parking for tenants and customers, which is rare for the area. Each unit has its own restrooms, large windows, heating, and cooling. Many units are suitable for restaurants with existing kitchen and vent build-out, which are highly sought after in the area. Consistently generated $600,000 to $800,000+ of annual rental income for years prior to COVID in 2020 (income statements provided), this retail center is well-positioned for repositioning with new management while awaiting future redevelopment opportunities. Unit 301 on the 3rd floor, with 2 rooms and a full bathroom, may be ideal for on-site management.

Seattle’s Chinatown-International District, known as C-ID, is one of the city’s oldest communities and has remained resilient over years of change and growth. It continues to draw residents and tourists to experience all the different shops, restaurants, museums, and art of many nationalities. The area is highly walkable downtown with pedestrian-friendly landscaping throughout, in addition to the light-rail system and multiple public bus stops. The Interstate 5 and 90 interchange is also easily accessible, providing further access throughout the city and neighboring states. The Ding How Center is also just a handful of blocks south of Seattle University, the largest independent university in the Northwestern US, with more than 7,500 students enrolled annually.

At 4.1 million, Seattle's population grew 1.6% over the past year, compared to 0.5% for the national benchmark. Population growth has historically outpaced the nation, a trend expected to continue over the next several years. Household median income in Seattle is around $110,000 annually, compared to $78,000 nationally. Personal disposable income per capita grew 0.7% in the first half of 2024. Seattle's 2024 per capita disposable income of $71,700 ranks in the top five of the largest 50 metros. The Ding How Shopping Center's 2-mile radius confirms a spending power of more than $3.1 billion annually, and the average household income surpasses $133,000.

Property tours are available by appointment only. Please get in touch with the listing broker to schedule.