2501 Elliott Ave - Vine Street Storage 70,496 SF Specialty Building Offered For Sale in Seattle, WA 98121

11 Vine Street / 2501 Elliott Avenue offers a rare opportunity to acquire and expand a cash-flowing urban storage asset, with embedded upside and long-term land value.
This offering presents a scaled self-storage investment opportunity across two contiguous parcels totaling approximately 28,801 square feet of land, improved with 74,980 square feet in Seattle’s Belltown neighborhood.
The Property is anchored by a 39,298 SF turnkey self-storage facility spanning all of 11 Vine Street and the ground floor of 2501 Elliott Avenue, providing an anticipated NOI of $540,000 with the application of recent rate increases. The remaining 29,922 SF (2501 Elliott floors 2–4) consists of vacant office space, offering near-term upside through lease-up or conversion to additional storage, enabling expansion into a cohesive, institutional-quality asset.
The site also offers long-term redevelopment potential given its contiguous footprint and strategic Elliott Avenue frontage, providing value security and future optionality.
With strong connectivity to Downtown Seattle, Interbay, and Ballard, the Property benefits from excellent access, visibility, and a dense, growing customer base supporting sustained storage demand.