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5201 1st Ave S 5,100 - 8,425 SF Retail Condo Units in Seattle, WA 98108
Investment Highlights
- Exposed timber construction
- 32,000 SF total land area
- Open courtyard
- Utilities include City of Seattle (Water and Sewer), Puget Sound Energy (natural gas) and Seattle City Light (electricity)
Executive Summary
Multi-tenant industrial property constructed in 1927.
3 Units Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Owner User |
| Sale Type | Owner User |
Description
Industrial Condo
Sale Notes
The building is located in the heart of Georgetown on 1st Avenue South. Easy walking distance to transportation, amenities. The property is zoned IG2 U/85 and provides a wide array of potential uses. The property is an open timber frame construction the has a very eclectic vibe. Potential for an outstanding open loft concept use such as a gallery, brewery or a distillery. Georgetown is perhaps the most rapidly gentrifying area in the Region. Numerous new businesses have opened in the Georgetown area over the past 5–10 years capitalizing on the close-in location; much improved freeway access and upgraded zoning. Georgetown, once Seattle’s primary industrial area, is now an area of showrooms, breweries, art galleries, artists’ lofts, and wide variety of new retail uses.
| Sale Type | Owner User |
| Sale Type | Owner User |
Sale Notes
The building is located in the heart of Georgetown on 1st Avenue South. Easy walking distance to transportation, amenities. The property is zoned IG2 U/85 and provides a wide array of potential uses. The property is an open timber frame construction the has a very eclectic vibe. Potential for an outstanding open loft concept use such as a gallery, brewery or a distillery. Georgetown is perhaps the most rapidly gentrifying area in the Region. Numerous new businesses have opened in the Georgetown area over the past 5–10 years capitalizing on the close-in location; much improved freeway access and upgraded zoning. Georgetown, once Seattle’s primary industrial area, is now an area of showrooms, breweries, art galleries, artists’ lofts, and wide variety of new retail uses.
| Sale Type | Owner User |
| Sale Type | Owner User |
Sale Notes
The building is located in the heart of Georgetown on 1st Avenue South. Easy walking distance to transportation, amenities. The property is zoned IG2 U/85 and provides a wide array of potential uses. The property is an open timber frame construction the has a very eclectic vibe. Potential for an outstanding open loft concept use such as a gallery, brewery or a distillery. Georgetown is perhaps the most rapidly gentrifying area in the Region. Numerous new businesses have opened in the Georgetown area over the past 5–10 years capitalizing on the close-in location; much improved freeway access and upgraded zoning. Georgetown, once Seattle’s primary industrial area, is now an area of showrooms, breweries, art galleries, artists’ lofts, and wide variety of new retail uses.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit A | 8,425 SF | Retail | Upon Request | - |
| Unit B | 6,886 SF | Retail | Upon Request | - |
| Unit C | 5,100 SF | Retail | Upon Request | - |
Unit A
| Unit Size |
| 8,425 SF |
| Condo Use |
| Retail |
| Price |
| Upon Request |
| NOI |
| - |
Unit B
| Unit Size |
| 6,886 SF |
| Condo Use |
| Retail |
| Price |
| Upon Request |
| NOI |
| - |
Unit C
| Unit Size |
| 5,100 SF |
| Condo Use |
| Retail |
| Price |
| Upon Request |
| NOI |
| - |
1 of 0
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit A
| Unit Size | 8,425 SF |
| Condo Use | Retail |
| Price | Upon Request |
| NOI | - |
| Sale Type | Owner User |
| Description | |
| Industrial Condo</li></ul> | |
| Sale Notes | |
| The building is located in the heart of Georgetown on 1st Avenue South. Easy walking distance to transportation, amenities. The property is zoned IG2 U/85 and provides a wide array of potential uses. The property is an open timber frame construction the has a very eclectic vibe. Potential for an outstanding open loft concept use such as a gallery, brewery or a distillery. Georgetown is perhaps the most rapidly gentrifying area in the Region. Numerous new businesses have opened in the Georgetown area over the past 5–10 years capitalizing on the close-in location; much improved freeway access and upgraded zoning. Georgetown, once Seattle’s primary industrial area, is now an area of showrooms, breweries, art galleries, artists’ lofts, and wide variety of new retail uses.</li></ul> |
1 of 0
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit B
| Unit Size | 6,886 SF |
| Condo Use | Retail |
| Price | Upon Request |
| NOI | - |
| Sale Type | Owner User |
| Sale Notes | |
| The building is located in the heart of Georgetown on 1st Avenue South. Easy walking distance to transportation, amenities. The property is zoned IG2 U/85 and provides a wide array of potential uses. The property is an open timber frame construction the has a very eclectic vibe. Potential for an outstanding open loft concept use such as a gallery, brewery or a distillery. Georgetown is perhaps the most rapidly gentrifying area in the Region. Numerous new businesses have opened in the Georgetown area over the past 5–10 years capitalizing on the close-in location; much improved freeway access and upgraded zoning. Georgetown, once Seattle’s primary industrial area, is now an area of showrooms, breweries, art galleries, artists’ lofts, and wide variety of new retail uses.</li></ul> |
1 of 0
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit C
| Unit Size | 5,100 SF |
| Condo Use | Retail |
| Price | Upon Request |
| NOI | - |
| Sale Type | Owner User |
| Sale Notes | |
| The building is located in the heart of Georgetown on 1st Avenue South. Easy walking distance to transportation, amenities. The property is zoned IG2 U/85 and provides a wide array of potential uses. The property is an open timber frame construction the has a very eclectic vibe. Potential for an outstanding open loft concept use such as a gallery, brewery or a distillery. Georgetown is perhaps the most rapidly gentrifying area in the Region. Numerous new businesses have opened in the Georgetown area over the past 5–10 years capitalizing on the close-in location; much improved freeway access and upgraded zoning. Georgetown, once Seattle’s primary industrial area, is now an area of showrooms, breweries, art galleries, artists’ lofts, and wide variety of new retail uses.</li></ul> |
Property Facts
The following property facts, amenities, and utilities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 24,682 SF | Typical Floor Size | 24,682 SF |
| Property Type | Industrial | Year Built | 1927 |
| Property Subtype | Manufacturing | Lot Size | 1.00 AC |
| Building Class | B | Parking Ratio | 0.86/1,000 SF |
| Floors | 1 | ||
| Zoning | IG1U/85, Seattle - Industrial General with max height 85' | ||
| Total Building Size | 24,682 SF |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 24,682 SF |
| Year Built | 1927 |
| Lot Size | 1.00 AC |
| Parking Ratio | 0.86/1,000 SF |
| Zoning | IG1U/85, Seattle - Industrial General with max height 85' |
Amenities
- 24 Hour Access
- Bus Line
- Fenced Lot
- Signage
Utilities
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
50/100
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
