This Multifamily Property is no longer advertised on LoopNet.com.
201 1st Ave S
J&M Pioneer Sq Value-Add Retail & Multifamily · Multifamily Property For Sale
·
24 Units
INVESTMENT HIGHLIGHTS
201 1st Avenue S includes potentially 24 apartments, and a first-floor retail suite with a fantastic corner location at the heart of Pioneer Square.
Walkable to Lumen Field, T-Mobile Park, the WAMU Theater, Seattle’s City Hall, and several parks, including Occidental Square and Waterfront Park.
Renovation could potentially qualify for 20% Historic Tax Credit, and the property is located in an Opportunity Zone (Census Tract 92).
Property is easily accessible from Highway 99, I-5 and I-90 Freeways, and the Pioneer Square Light Rail Station. Potential basement speakeasy.
Supported by a growing 2-mile population of over 168,000, with more than 82% of residents currently renting a home.
Located adjacent to new street and sidewalk renovations on Washington St., as a pedestrian link to the new $800M Waterfront Park.
PROPERTY FACTS
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
No. Units
24
Property Type
Multifamily
Property Subtype
Apartment
General Retail Storefront Retail/Residential
Office Office Residential
Apartment Style
Low-Rise
Building Class
C
Lot Size
0.16 AC
Building Size
25,450 SF
Average Occupancy
0%
No. Stories
3
Year Built
1890
Zoning
PSM-100 - PSM-100 allows for many commercial and residential uses.
PROPERTY TAXES
Parcel Number
524780-0130
Improvements Assessment
$500,900
Land Assessment
$2,897,100
Total Assessment
$3,398,000
