1628 Dexter Ave | Seattle, WA 98109
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- LoopNet Team
1628 Dexter Ave
Seattle, WA 98109
South Lake Union Mixed-Use · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Rare trophy asset in the South Lake Union neighborhood of Seattle; situated blocks from Amazon’s world headquarters & Facebook’s new Seattle campus
- The Pot Shop and The Toledo recently renewed their leases for 5-year terms, showing their commitment to the site
- •The Pot Shop’s gross sales between 2018- 2019 ranged between $2.4M - $2.85M, and sales for 2020 are on pace to achieve $2.8M - $2.9M.
- 100% Occupied by three tenants - all subject to NN leases, creating a passive investment with minimal landlord responsibilities
- NC3P-55 zoning provides potential development upside
- 3rd floor can be converted to a residential use without any additional permitting required
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
3,360 SF
Building Class
C
Year Built
1932
Tenancy
Multiple
Building Height
3 Stories
Slab To Slab
10’
Building FAR
1.54
Lot Size
0.05 AC
Zoning
NC3P-55
Parking
2 Spaces (0 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Corner Lot
- Courtyard
- Restaurant
- Signage
PROPERTY TAXES
| Parcel Number | 880790-0225 | Improvements Assessment | $1,913,200 |
| Land Assessment | $488,000 | Total Assessment | $2,401,200 |
PROPERTY TAXES
Parcel Number
880790-0225
Land Assessment
$488,000
Improvements Assessment
$1,913,200
Total Assessment
$2,401,200
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