Property Details

315 Seneca Street

Seattle, WA 98101

$4,900,000

Available

CBA# 714080 courtesy of CBA Listing firm: Kidder Mathews

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Commercial

Property Type

36,240

Bldg Sq Ft

5.00%

Cap Rate

1926

Year Built

Property Overview

Hotel Seattle presents a rare opportunity to acquire an iconic 78-room, 11-story hotel asset in the heart of Downtown Seattle, just four blocks from the waterfront and positioned near the city’s ongoing waterfront revitalization. Originally built in 1926 and totaling approximately 36,240 gross square feet, the property offers a compelling value-add and repositioning opportunity with significant pre-development work already completed. Recent improvements include a new roof with a 20-year warranty, complete elevator modernization, exterior siding work and paint preparation, extensive interior demolition, plumbing repairs, approved construction plans, and a construction permit in hand. With DOC1 U/450/U zoning and preliminary massing completed for a potential apartment conversion, Hotel Seattle provides investors and developers with multiple paths to unlock value through hotel revitalization, adaptive reuse, or long-term redevelopment in one of Seattle’s most central urban locations.