313 1St Ave, Seattle, WA 98104
14,190 SF | 80% Leased | Office Building | Online Auction Sale | Seattle, WA 98104
- Property Type
-
Office
- Square Feet
- 14,190 SF
Listing Contacts
- Property Info
Property Overview
313 1st Avenue is a historic boutique office and retail building situated in Seattle’s bustling Pioneer Square neighborhood. Tenants at 313 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 14,190 square feet of creative space across three floors and a basement, the property offers flexible layouts featuring private offices and collaborative, open workspace. 313 1st Avenue’s historical design showcases interior brick walls and wooden ceiling beams that accentuate the building’s innovative atmosphere. At 80% occupancy, this property provides investors with the ultimate value-add acquisition. Take advantage of the in-place cash flow while increasing value by leasing one vacant suite.
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/Renovated
- 1900/1970
- Stories
- 4
- Lot Size (sq. ft)
- 3,485 SF
Highlights
- Discover a premier investment opportunity with the acquisition of 313 1st Avenue S, a creative office and retail asset in the heart of Seattle.
- Ideally situated in historic Pioneer Square, the location provides tenants with access to nearby world-class restaurants and sports stadiums.
- Take advantage of a high-occupancy asset with tremendous upside potential through full lease-up, rent escalations, and lease extensions.
- 313 1st Avenue offers highly adaptable floor plans to suit a variety of businesses, allowing for a diverse and secure tenant mix.
- Pioneer Square offers convenience to the Stadium District, major freeways, public transit, WA State Ferry, and the revitalized Waterfront District.
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