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1521-1523 3rd Ave 9,233 SF Retail Condo Unit Offered at $2,300,000 in Seattle, WA 98101
Investment Highlights
- 9,233-SF OWNER/USER RETAIL COMMERCIAL CONDO WITH STABLE RENTAL INCOME IN PRIME DOWNTOWN SEATTLE - Priced To Sell
- Unparallel access to transit: several bus routes and adjacent to the Westlake light rail station.
- Owner/User or Value add investment
- High traffic and high exposure on Pike –Pine Corridor.
- Major employers within a few blocks.
- Highly flexible permitted uses
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | APN/Parcel ID | 256800-0020 |
| Sale Type | Investment or Owner User |
| APN/Parcel ID | 256800-0020 |
Description
9,233-SF OWNER/USER RETAIL COMMERCIAL CONDO WITH STABLE RENTAL INCOME IN PRIME DOWNTOWN SEATTLE - Priced To Sell
Two Suites with Ceiling Height of 18', in-suite bathrooms:
- Suite # 1521: 6,867 SF (3,230 SF first floor + 3,637 SF fully functional mezzanine) - to vacate at closing.
- Suite # 1523: 2,367 SF, leased. Stable income $8,235/mo. NNN with 3% annual escalations. Lease expires 9/2030, plus two 5-year renewal options.
Steps from Pike Place Market (20M+ annual visitors) and the newly transformed waterfront.
High traffic and high exposure on Pike –Pine Corridor.
Unparallel access to transit: several bus routes and adjacent to the Westlake light rail station.
Major employers within a few blocks.
Seattle ranks 3rd in the US for AI-sector growth
Owner-user upside: occupy one suite, lease the other
Owner/User or Value add investment
Highly flexible permitted uses: zoning designation DRC 85-170 allows for a wide range of permitted uses, including retail, grocery stores, restaurants, cafes, health club facilities, event venues, pharmacies, medical and dental practices, offices.
The Fischer Studio Building is a designated Seattle Historic Landmark. Potential tax incentive due to Historic designation.
Two Suites with Ceiling Height of 18', in-suite bathrooms:
- Suite # 1521: 6,867 SF (3,230 SF first floor + 3,637 SF fully functional mezzanine) - to vacate at closing.
- Suite # 1523: 2,367 SF, leased. Stable income $8,235/mo. NNN with 3% annual escalations. Lease expires 9/2030, plus two 5-year renewal options.
Steps from Pike Place Market (20M+ annual visitors) and the newly transformed waterfront.
High traffic and high exposure on Pike –Pine Corridor.
Unparallel access to transit: several bus routes and adjacent to the Westlake light rail station.
Major employers within a few blocks.
Seattle ranks 3rd in the US for AI-sector growth
Owner-user upside: occupy one suite, lease the other
Owner/User or Value add investment
Highly flexible permitted uses: zoning designation DRC 85-170 allows for a wide range of permitted uses, including retail, grocery stores, restaurants, cafes, health club facilities, event venues, pharmacies, medical and dental practices, offices.
The Fischer Studio Building is a designated Seattle Historic Landmark. Potential tax incentive due to Historic designation.
Sale Notes
Exceptional opportunity to acquire a 9,233-SF, high-foot-traffic retail commercial condominium within the mixed-use, historic landmark Fischer Studio Building in the Pike-Pine Corridor. Located in a dynamic and hyperconnected environment, it is offered at a competitive price.
The property's strategic location ensures accessibility and exposure for a thriving business: it is within walking distance of Pike Place Market and the newly transformed waterfront.
It offers unparalleled access to transit, sitting adjacent to the Westlake light rail station, and is surrounded by a high concentration of major employers, entertainment, shopping, flagship stores, hotels and restaurants — the convergence point of Seattle's retail, cultural, and corporate sectors.
The area is also home to unrivaled AI and tech proximity; Seattle ranks 3rd in the U.S. for AI sector growth.
Within a few blocks, major employers include Uber, Zillow, Nordstorm, Oracle, Qualtrics, DocuSign, Deloitte & Perkins Cole.
The property's strategic location ensures accessibility and exposure for a thriving business: it is within walking distance of Pike Place Market and the newly transformed waterfront.
It offers unparalleled access to transit, sitting adjacent to the Westlake light rail station, and is surrounded by a high concentration of major employers, entertainment, shopping, flagship stores, hotels and restaurants — the convergence point of Seattle's retail, cultural, and corporate sectors.
The area is also home to unrivaled AI and tech proximity; Seattle ranks 3rd in the U.S. for AI sector growth.
Within a few blocks, major employers include Uber, Zillow, Nordstorm, Oracle, Qualtrics, DocuSign, Deloitte & Perkins Cole.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 1521-1523 | 9,233 SF | Retail | $2,300,000 ($249.11/SF) | - |
Unit 1521-1523
| Unit Size |
| 9,233 SF |
| Condo Use |
| Retail |
| Price |
| $2,300,000 ($249.11/SF) |
| NOI |
| - |
1 of 1
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Unit 1521-1523
| Unit Size | 9,233 SF |
| Condo Use | Retail |
| Price | $2,300,000 ($249.11/SF) |
| NOI | - |
| Sale Type | Investment or Owner User |
| APN/Parcel ID | 256800-0020 |
| Description | |
| 9,233-SF OWNER/USER RETAIL COMMERCIAL CONDO WITH STABLE RENTAL INCOME IN PRIME DOWNTOWN SEATTLE - Priced To Sell<br> Two Suites with Ceiling Height of 18', in-suite bathrooms:<br> - Suite # 1521: 6,867 SF (3,230 SF first floor + 3,637 SF fully functional mezzanine) - to vacate at closing.<br> - Suite # 1523: 2,367 SF, leased. Stable income $8,235/mo. NNN with 3% annual escalations. Lease expires 9/2030, plus two 5-year renewal options.<br> <br> Steps from Pike Place Market (20M+ annual visitors) and the newly transformed waterfront.<br> <br> High traffic and high exposure on Pike –Pine Corridor.<br> <br> Unparallel access to transit: several bus routes and adjacent to the Westlake light rail station.<br> <br> Major employers within a few blocks.<br> <br> Seattle ranks 3rd in the US for AI-sector growth<br> <br> Owner-user upside: occupy one suite, lease the other<br> <br> Owner/User or Value add investment<br> <br> Highly flexible permitted uses: zoning designation DRC 85-170 allows for a wide range of permitted uses, including retail, grocery stores, restaurants, cafes, health club facilities, event venues, pharmacies, medical and dental practices, offices.<br> <br> The Fischer Studio Building is a designated Seattle Historic Landmark. Potential tax incentive due to Historic designation.</li></ul> | |
| Sale Notes | |
| Exceptional opportunity to acquire a 9,233-SF, high-foot-traffic retail commercial condominium within the mixed-use, historic landmark Fischer Studio Building in the Pike-Pine Corridor. Located in a dynamic and hyperconnected environment, it is offered at a competitive price.<br> <br> The property's strategic location ensures accessibility and exposure for a thriving business: it is within walking distance of Pike Place Market and the newly transformed waterfront.<br> <br> It offers unparalleled access to transit, sitting adjacent to the Westlake light rail station, and is surrounded by a high concentration of major employers, entertainment, shopping, flagship stores, hotels and restaurants — the convergence point of Seattle's retail, cultural, and corporate sectors.<br> <br> The area is also home to unrivaled AI and tech proximity; Seattle ranks 3rd in the U.S. for AI sector growth.<br> <br> Within a few blocks, major employers include Uber, Zillow, Nordstorm, Oracle, Qualtrics, DocuSign, Deloitte & Perkins Cole.</li></ul> |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Exceptionally walkable
100/100
Moderately drivable
60/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Major Tenant Information Click Here to Access
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| First Look Barber |
99,999 SF SF
|
Jan 0000
|
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1521-1523 3rd Ave