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1701 1st Ave S - SODO Development Site 0.61 Acres of Industrial Land in Seattle, WA 98134
INVESTMENT HIGHLIGHTS
- 90 on-site parking stalls enhance site utility
- Single tenant lease in place through September 2025
EXECUTIVE SUMMARY
Located just one block south of T-Mobile Park in Seattle’s dynamic SODO district, 1701 1st Avenue S presents a rare opportunity to acquire a prime development site with income-producing potential. The property spans 26,640 SF of land and includes a 27,690 SF three-story building, currently leased to a single tenant through September 2025. Additionally, the site generates approximately $156,000 annually from a shared parking agreement with Republic Parking NW, offering immediate cash flow for investors.
PROPERTY FACTS
| Sale Type | Investment | Property Subtype | Industrial |
| No. Lots | 1 | Total Lot Size | 0.61 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | UI U/85 | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Industrial |
| Total Lot Size | 0.61 AC |
| Opportunity Zone |
Yes |
| Zoning | UI U/85 |
1 LOT AVAILABLE
Lot
| Lot Size | 0.61 AC |
| Lot Size | 0.61 AC |
0.611 AC (26,640 SF) Lot 27,690 (3 floors) Building Zoned Urban Industrial (UI U/85); Stadium Overlay 90 parking Stalls Potential Parking Revenue with Republic Parking NW 100% Leased till 09/30/25
DESCRIPTION
Zoned Urban Industrial (UI U/85) with a Stadium Transition Overlay, the site supports a wide range of uses including office, medical, industrial, retail, self-storage, and lodging. With a generous 85-foot height limit and a FAR of 4.5, the property is ideally suited for redevelopment or adaptive reuse. Its strategic location offers direct access to I-90, SR-99, and I-5, placing downtown Seattle, the Port of Seattle, and major transit corridors within minutes.
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Transit Score®
Excellent Transit (81)
Bike Score®
Very Bikeable (88)
PROPERTY TAXES
| Parcel Number | 766620-7085 | Improvements Assessment | $1,000 |
| Land Assessment | $5,328,000 | Total Assessment | $5,329,000 |
PROPERTY TAXES
Parcel Number
766620-7085
Land Assessment
$5,328,000
Improvements Assessment
$1,000
Total Assessment
$5,329,000
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