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614 Boylston Ave E 6,510 SF 9% Leased Office Building Seattle, WA 98102 $2,495,000 ($383.26/SF)
Investment Highlights
- Prime in-city, Capitol Hill location
- Can seat up to approximately 30 desks in the main building and carriage house
- Land bank - LR3 zoning allows for development of townhomes or ±30 units with no parking required, with potential of an upzone to MR
- “Walker’s Paradise” walk score of 95 - Within blocks of award-winning restaurants, shops, and grocery, and near light rail and bus routes
- 8-10 on-site parking stalls
- Many recent updates by current owner
Executive Summary
614 Boylston Avenue East is a prime commercial office property located in north Capitol Hill encompassing approximately 5,510 SF of recently updated/renovated office space, plus a separate standalone approximate 1,000 SF remodeled carriage house. Built in 1906 as a single-family residence and converted to office by previous owners, 614 Boylston offers class A office space over 3 floors plus a usable basement and standalone carriage house structure in back of the main structure that is now office space as well. On-site parking of 8-10 stalls plus abundant street parking with convenience to mass transit and a walk score of 95 make this a terrific location for an owner/user type buyer. Desk space for 20-25 people can be accommodated in the main structure over the 3 floors and basement, plus space for another 4-6 desks is available in the carriage house. Conference space, kitchen, and small break-out spaces are also found in the buildings.
In addition, the 6,927 SF lot (per King County records) is zoned LR3 (M) with an Urban Village Overlay, making for a solid long-term investment opportunity for an initial owner/user type buyer that can occupy the premises for many years with a possible future redevelopment of the site possible.
In addition, the 6,927 SF lot (per King County records) is zoned LR3 (M) with an Urban Village Overlay, making for a solid long-term investment opportunity for an initial owner/user type buyer that can occupy the premises for many years with a possible future redevelopment of the site possible.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
6,510 SF
Building Class
B
Year Built
1906
Price
$2,495,000
Price Per SF
$383.26
Percent Leased
9%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
2,170 SF
Slab To Slab
11’
Building FAR
0.93
Lot Size
0.16 AC
Zoning
LR3 (M), Seattle - A low-rise, multifamily residential zone allowing a variety of multifamily housing, typically up to 40 or 50 feet in height.
Parking
9 Spaces (1.38 Spaces per 1,000 SF Leased)
Amenities
- Security System
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- Basement
- 910 SF
- Office
- Partial Build-Out
- Now
- 1st Floor
- 2,010 SF
- Office
- Full Build-Out
- Now
Carriage house
- 2nd Floor
- 2,010 SF
- Office
- Full Build-Out
- Now
| Space | Size | Space Use | Condition | Available |
| Basement | 910 SF | Office | Partial Build-Out | Now |
| 1st Floor | 2,010 SF | Office | Full Build-Out | Now |
| 1st Fl-Ste CARR | 1,000 SF | Office | Full Build-Out | Now |
| 2nd Floor | 2,010 SF | Office | Full Build-Out | Now |
Basement
| Size |
| 910 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
1st Floor
| Size |
| 2,010 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste CARR
| Size |
| 1,000 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Floor
| Size |
| 2,010 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste CARR
| Size | 1,000 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Carriage house
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Walk Score®
Walker's Paradise (95)
Transit Score®
Excellent Transit (81)
Bike Score®
Biker's Paradise (92)
Property Taxes
| Parcel Number | 685070-0585 | Improvements Assessment | $1,000 |
| Land Assessment | $2,216,600 | Total Assessment | $2,217,600 |
Property Taxes
Parcel Number
685070-0585
Land Assessment
$2,216,600
Improvements Assessment
$1,000
Total Assessment
$2,217,600
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