1518 3rd Ave | Seattle, WA 98101
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This Office Property is no longer advertised on LoopNet.com.
1518 3rd Ave
Seattle, WA 98101
Gibraltar Tower · Office Property For Sale

INVESTMENT HIGHLIGHTS
- Register Here: https://rimarketplace.com/auction/1770?utm_source=costar&utm_medium=listing&utm_campaign=office_1770
- AMENITY RICH LOCATION Perfect Transit Score of 100, Gibraltar Tower is ideally situated in a prime transportation axis.
- OWNER-USER POTENTIAL Five floors of high caliber office space immediately available for occupancy
- HIGH DEMAND MARKET Available well below replacement cost, and located in a major market with traditionally high barriers to entry.
- MAJOR EMPLOYMENT DRIVERS Amazon, Apple, Nordstrom, Children’s Hospital, Oracle, Uber Twitter, Zillow, Indeed, Qualtrics, Lane Powell, etc.
- VALUE-ADD: Perfect for opportunistic investors to execute on minor office renovation and re-leasing, conversion of the existing structure
PROPERTY FACTS
Property Type
Office
Building Size
41,705 SF
Building Class
B
Year Built/Renovated
1910/1978
Percent Leased
31%
Tenancy
Multiple
Building Height
8 Stories
Typical Floor Size
5,213 SF
Slab To Slab
12’
Building FAR
5.98
Lot Size
0.16 AC
Zoning
DRC 85150, Seattle - Downtown (Urban Center)
AMENITIES
- Bus Line
PROPERTY TAXES
| Parcel Number | 197570-0380 | Improvements Assessment | $2,648,000 |
| Land Assessment | $8,352,000 | Total Assessment | $11,000,000 |
PROPERTY TAXES
Parcel Number
197570-0380
Land Assessment
$8,352,000
Improvements Assessment
$2,648,000
Total Assessment
$11,000,000
Listing ID: 28852822
Date on Market: 6/26/2023
Last Updated:
Address: 1518 3rd Ave, Seattle, WA 98101
The Downtown Seattle Office Property at 1518 3rd Ave, Seattle, WA 98101 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
OFFICE PROPERTIES IN NEARBY NEIGHBORHOODS
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