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Queen Anne Mixed-Use/ Development Site 166 Roy St 2,741 SF 100% Leased Office Building Seattle, WA 98109 $2,895,000 ($1,056.18/SF)
INVESTMENT HIGHLIGHTS
- $450,000 in improvements since 2022 ($300K for tenant improvement work and $150k for FF&E)
- Current tenant open to potential leaseback scenario
- A+ lower Queen Anne locationPotential owner-occupancy opportunity with SBA financing
- Option to include all FF&E with sale
- 7 off-street parking spots
EXECUTIVE SUMMARY
Paragon Real Estate Advisors is pleased to present the sale of the Queen Anne Mixed-Use/Development Site at 166 Roy Street.
Located in the heart of Lower Queen Anne, the property is just steps from Climate Pledge Arena, the Space Needle, and an array of restaurants, cafes, and entertainment venues. This prime location offers buyers flexibility—whether to owner-occupy, operate as an income-producing investment, or redevelop the site for future use.
The existing building features a unique, top-floor 1BD/1BTH unit complete with a large private terrace. The first two floors consist of office space that has undergone extensive renovations totaling roughly $450,000 since 2022. Currently occupied by a tenant who will vacate at closing, the building provides an ideal opportunity for an owner-user. Originally rebuilt from the foundation in 2004, the property combines modern updates with long-term potential in one of Seattle’s most dynamic neighborhoods.
Located in the heart of Lower Queen Anne, the property is just steps from Climate Pledge Arena, the Space Needle, and an array of restaurants, cafes, and entertainment venues. This prime location offers buyers flexibility—whether to owner-occupy, operate as an income-producing investment, or redevelop the site for future use.
The existing building features a unique, top-floor 1BD/1BTH unit complete with a large private terrace. The first two floors consist of office space that has undergone extensive renovations totaling roughly $450,000 since 2022. Currently occupied by a tenant who will vacate at closing, the building provides an ideal opportunity for an owner-user. Originally rebuilt from the foundation in 2004, the property combines modern updates with long-term potential in one of Seattle’s most dynamic neighborhoods.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
2,741 SF
Building Class
C
Year Built/Renovated
1946/2022
Price
$2,895,000
Price Per SF
$1,056.18
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
914 SF
Building FAR
0.54
Lot Size
0.12 AC
Zoning
SM-UP 65 (M)
Parking
7 Spaces (2.55 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Signage
- Balcony
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Walk Score®
Walker's Paradise (95)
Transit Score®
Excellent Transit (80)
Bike Score®
Very Bikeable (88)
PROPERTY TAXES
| Parcel Number | 545730-0610 | Improvements Assessment | $1,000 |
| Land Assessment | $2,159,000 | Total Assessment | $2,160,000 |
PROPERTY TAXES
Parcel Number
545730-0610
Land Assessment
$2,159,000
Improvements Assessment
$1,000
Total Assessment
$2,160,000
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