209 1St Ave, Seattle, WA 98104
12,090 SF | 100% Leased | Office Building | Online Auction Sale | Seattle, WA 98104
- Property Type
-
Office
- Square Feet
- 12,090 SF
Listing Contacts
- Property Info
Property Overview
209 1st Avenue is a historic boutique office and retail building situated in Seattle’s bustling Pioneer Square neighborhood. Tenants at 209 1st Avenue benefit from an exceptional commuter location with nearby access to the region’s primary transportation hub at King Street Station, where the Link Light Rail System has a major station, as well as the Sounder heavy rail commuter line and the Amtrak station. Additionally, the WA State Ferry is just two blocks away. With 12,090 square feet of creative space across three floors and a basement, the property offers flexible layouts featuring private offices and collaborative, open workspace. 209 1st Avenue’s historical design showcases interior brick walls and rich wood trim that accentuate the building’s innovative atmosphere. At 100% occupancy, this property provides investors with a valuable acquisition. Take advantage of the cash-flowing asset and add future upside through rent escalations upon lease expirations.
Seattle is one of the fastest-growing big cities in the country, and the Pioneer Square submarket is one of the city’s most buzz-worthy and desirable neighborhoods to set up shop. The neighborhood was recently recognized as one of the best food neighborhoods in America by Thrillist. Many of the historic buildings located in Pioneer Square were built in part to support the Yukon Gold Rush, which started around 1897 and proved to be a boon to early Seattle business owners in the neighborhood. Today, the district’s Renaissance- Revival, Beaux-Arts architecture is on display in the dozens of preserved and restored buildings in the district, which is now home to scores of restaurants and bars, shops, and other entertainment venues. Neighboring the Pioneer Square District are the vibrant Stadium District and Seattle’s new Waterfront District. Positioned along Elliott Bay, these districts converge to form the ultimate business environment. This revitalized downtown micro-market has undergone a dramatic transformation, driving notable tenant demand to the area. Investors will benefit from a large pool of tenants desiring a creative and accessible downtown location to grow their business.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Seattle is one of the fastest-growing big cities in the country, and the Pioneer Square submarket is one of the city’s most buzz-worthy and desirable neighborhoods to set up shop. The neighborhood was recently recognized as one of the best food neighborhoods in America by Thrillist. Many of the historic buildings located in Pioneer Square were built in part to support the Yukon Gold Rush, which started around 1897 and proved to be a boon to early Seattle business owners in the neighborhood. Today, the district’s Renaissance- Revival, Beaux-Arts architecture is on display in the dozens of preserved and restored buildings in the district, which is now home to scores of restaurants and bars, shops, and other entertainment venues. Neighboring the Pioneer Square District are the vibrant Stadium District and Seattle’s new Waterfront District. Positioned along Elliott Bay, these districts converge to form the ultimate business environment. This revitalized downtown micro-market has undergone a dramatic transformation, driving notable tenant demand to the area. Investors will benefit from a large pool of tenants desiring a creative and accessible downtown location to grow their business.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Property Details
- Class
- C
- Year Built
- 1900
- Stories
- 3
- Lot Size (sq. ft)
- 3,485 SF
Highlights
- Benefit from a leading investment opportunity with the acquisition of 209 1st Avenue S, a creative office and retail asset in the heart of Seattle.
- Ideally situated in the vibrant and historic Pioneer Square, the location provides access to nearby world-class restaurants and sports stadiums.
- Take advantage of a fully occupied commercial asset with a diverse rent roll, stable income stream, and future revenue upside.
- 209 1st Avenue S offers highly adaptable floor plans to suit a variety of businesses, allowing for a balanced and secure tenant mix.
- Pioneer Square offers convenience to the Stadium District, major freeways, public transit, WA State Ferry, and the revitalized Waterfront District.
Nearby Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].