2700 1st Avenue S

Office

2700 1st Avenue S, SeattleWA 98121

Property Details

Location

Address
2700 1st Avenue S, SeattleWA 98121
County
King
Submarket
CBA S. Seattle
Parcels
7666206020
In Opportunity Zone
Yes

Building Size

Building Size
33,000 SF
Office Space
20,387 SF
Rentable Space
20,387 SF

Building Details

Type
 Office
Number of Buildings
1
Number of Units
28
Occupancy Type
Multi-tenant
Percent Occupied
Building Class
B
Building Status
Existing
Floors
3
Year Built
1905
Year Renovated
1969
Sprinklers
No
Primary Const.
Wood
Parking Ratio

Land & Utilities

Land (Acres)
0.21 Acres
Land (SF)
9,148 SF
Rail Service
No
Zoning
IG2 U/85
Lot Depth
Lot Width

Contacts

Public Remarks

Central South Seattle location. Minutes to downtown and major area highways – I-5, I-90 & Hwy 99/509. Rustic early 1900’s charm and sturdy old growth wood construction. Adjacent to the new Lander Street overpass. Opportunity Zone Tax Advantages.

Current Listings

Property for Sale

$4,300,000
Cap Rate: 1.54%

Lee & Associates is pleased to present the First South Building, a three-story mixed-use building located on First Avenue South across from Starbucks and adjacent to the new Lander Street overpass. Built in 1905, this asset was constructed using substantial old growth wood beams and thick tongue and groove flooring. Today, with significantly below-market rents and 6,000 square foot floor plates, 111 South Lander presents a rare opportunity for an investor or owner/user seeking a hands-on adaptive reuse, open concept office, or craft-makers space. A proactive buyer has the opportunity to rehab the retail presence on both First Avenue South and next to the soon-to-be-completed Lander Street overpass, transform the second and third floor spaces into modern boutique offices or craft ‘makers’ s Tax iD #: 7666206020

Lee & Associates is pleased to present the First South Building, a three-story mixed-use building located on First Avenue South across from Starbucks and adjacent to the new Lander Street overpass. Built in 1905, this asset was constructed using substantial old growth wood beams and thick tongue and groove flooring. Today, with significantly below-market rents and 6,000 square foot floor plates, 111 South Lander presents a rare opportunity for an investor or owner/user seeking a hands-on adaptive reuse, open concept office, or craft-makers space. A proactive buyer has the opportunity to rehab the retail presence on both First Avenue South and next to the soon-to-be-completed Lander Street overpass, transform the second and third floor spaces into modern boutique offices or craft ‘makers’ s Tax iD #: 7666206020

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Commercial Location Score (CLS) is a scoring system developed by Moody's Analytics to help commercial real estate professionals gain a quick understanding of the major factors that affect the value of a location. It's designed as a means to consistently evaluate a location's suitability/desirability for a particular use based on a number of factors.

CBA

Source: Commercial Brokers Association (CBA)

More Information

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