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Republic Hotel 412-416 7th Ave S 45 Room Hotel Seattle, WA 98104 $3,290,000 ($73,111/Room)

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

ATTACHMENTS

Republic Hotel OM 5.2024 electronic

PROPERTY FACTS Under Contract

Price $3,290,000 Lot Size 0.18 AC
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.
Zoning IDM7585 - Transient Lodging
Price $3,290,000
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

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Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (84)
What is a Walk Score®, Transit Score® & Bike Score®?
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Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
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of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

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
(206) 619-3964

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Contact the brokers for more information about this property

CONTACTS

  • 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 PNW 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 3 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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