2408 1st Ave S | Seattle, WA 98134
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- LoopNet Team
2408 1st Ave S
Seattle, WA 98134
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Irreplaceable Location: Across the street from Starbucks Global HQ, blocks from T-Mobile Park and Lumen Stadium, 1-mile from Seattle CBD
- The tenants have contracted rental increases ranging from 3%-5% throughout initial lease terms providing solid NOI growth
- The Center is located in the heart of SODO which is a major commercial corridor and has experienced strong business demand and development
- The Center is 100% providing stability and ease of management. This is a testament to the quality and location of the Center
- Over $1M in capital improvements have been invested in the Center
- All 5 tenants are on NNN leases with minimal landlord responsibilities
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront
Building Size
29,263 SF
Building Class
C
Year Built/Renovated
1926/2023
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.00
Lot Size
0.67 AC
Zoning
IG2 U85
Frontage
AMENITIES
- Bus Line
- Signage
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,287,500 | |
| Land Assessment | $3,240,000 | Total Assessment | $5,527,500 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$3,240,000
Improvements Assessment
$2,287,500
Total Assessment
$5,527,500
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