Property Details

211 1st Ave S

Seattle, WA 98104

$2,750,000

Available

CBA# 715709 courtesy of CBA Listing firm: Colliers International WA, LLC

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Office / Retail

Property Type

13,620

Bldg Sq Ft

Units

5.00%

Cap Rate

1900

Year Built

Property Overview

Cap Rate is proforma.211 1st Ave S presents a rare opportunity to acquire a character-rich, 1900-vintage brick mixed-use building in the heart of Pioneer Square. The asset combines four fully occupied residential units with approximately 6,000 square feet of street-level and lower-level commercial space, giving investors both stable in-place income and a clear path to meaningful upside through the lease-up of a prominent 1st Avenue South storefront.