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412-416 7th Ave S
Seattle, WA 98104
 Republic Hotel · Hospitality Property For Sale · 45 Rooms

Hotels Washington Seattle 412-416 7th Ave S, Seattle, WA 98104

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EXECUTIVE SUMMARY

Lee & Associates is pleased to exclusively offer for sale a unique investment opportunity in the heart of Seattle’s vibrant Chinatown International District. Located at 416 7th Avenue South in Seattle, Washington, this redevelopment property offers an unparalleled chance to revitalize a neighborhood classic and contribute to one of Seattle’s most culturally rich and dynamic neighborhoods.
Fully-Permitted, Renovation-Ready, Shell Building
Steps Away From Stadiums, Light Rail & Regional Rail In The Chinatown International District
Outstanding Price Per Unit
Located in An Opportunity Zone
Excellent Potential For a NOAH Conversion Or LIHTC Development

PROPERTY FACTS Under Contract

Price Per Room $73,111 Building Size 24,248 SF
Sale Type Investment No. Rooms 45
Sale Conditions
High Vacancy Property
  • Redevelopment Project
 No. Stories 4
Property Type Hospitality Year Built 1920
Property Subtype Hotel Corridor Interior
Building Class C Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Lot Size 0.18 AC
Zoning IDM7585 - Transient Lodging
Price Per Room $73,111
Sale Type Investment
Sale Conditions
High Vacancy Property
  • Redevelopment Project
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 0.18 AC
Building Size 24,248 SF
No. Rooms 45
No. Stories 4
Year Built 1920
Corridor Interior
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning IDM7585 - Transient Lodging

LINKS

PROPERTY TAXES

Parcel Number 524780-2735 Improvements Assessment $611,300
Land Assessment $2,457,600 Total Assessment $3,068,900

PROPERTY TAXES

Parcel Number
524780-2735
Land Assessment
$2,457,600
Improvements Assessment
$611,300
Total Assessment
$3,068,900
 

  • Listing ID: 32083400

  • Date on Market: 6/10/2024

  • Last Updated:

  • Address: 412-416 7th Ave S, Seattle, WA 98104

More public record information on 412-416 7th Ave S, Seattle, WA 98104

The Chinatown Hospitality Property at 412-416 7th Ave S, Seattle, WA 98104 is currently available. Contact Lee & Associates Commercial Real Estate Services for more information.

HOSPITALITY PROPERTIES IN NEARBY NEIGHBORHOODS

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412-416 7th Ave S, Seattle, WA for sale Primary Photo- Image 1 of 8
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412-416 7th Ave S, Seattle, WA for sale Building Photo- Image 2 of 8
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412-416 7th Ave S, Seattle, WA for sale Building Photo- Image 4 of 8
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412-416 7th Ave S, Seattle, WA for sale Floor Plan- Image 5 of 8
3rd Level Floor Plan
412-416 7th Ave S, Seattle, WA for sale Other- Image 6 of 8
North Elevation Drawing
412-416 7th Ave S, Seattle, WA for sale Other- Image 7 of 8
West Elevation Drawing

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Republic Hotel | 412-416 7th Ave S

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