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    1205 E Pike Street

    Seattle, WA 98122
    • $8,000,000
    • STATUS: Pending
    • ON SITE: 42 Days
    • ID#: 1836415
    Under Contract
    UPDATED: 9 min ago
    $8,000,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1920
    County:

    School Ratings & Info

    Listing Courtesy of Paragon Real Estate Advisors.

    Description

    21,200 square foot commercial building located in the heart of Capitol Hill! The East Pike Lofts shows the divergent uses that meld seamlessly together to form strong demand for office and retail use in this bustling and sought-after neighborhood. This opportunity allows a buyer to land bank the property for future development or take the property to the next level by utilizing the total square footage, modifying the basement floor plan, and setting up triple net charges with all tenants to increase total revenue. This property is owned by a long-term owner and is in an ideal urban location with a high walk score for future upside.

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    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Alchemy Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-10-21T23:15:55.457.

    www.alchemyre.com/homes/121249192
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    1205 E Pike Street Seattle, WA 98122

    • Price: $8,000,000
    • Status: Pending
    • Updated: 9 min ago
    • ID#: 1836415
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    1920
    Built
    Neighborhood:
    Capitol Hill
    County:
    King
    Area:
    Central Seattle/Genesee/Columbia Cty
    Property Description
    21,200 square foot commercial building located in the heart of Capitol Hill! The East Pike Lofts shows the divergent uses that meld seamlessly together to form strong demand for office and retail use in this bustling and sought-after neighborhood. This opportunity allows a buyer to land bank the property for future development or take the property to the next level by utilizing the total square footage, modifying the basement floor plan, and setting up triple net charges with all tenants to increase total revenue. This property is owned by a long-term owner and is in an ideal urban location with a high walk score for future upside.
    Exterior Features

    Carport YN No Covered Spaces 0 Exterior Features Cement/Concrete Open Parking YN No Parking Total 0 Roof Flat Structure Type Retail Style Code 75 - Retail

    Interior Features

    Building Area Total 0 Fireplace YN No Flooring HardwoodVinylCarpet Furnished Unfurnished Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

    Property Features

    Electric On Property YN No First Right Of Refusal No Foundation Details Poured Concrete Irrigation Water Rights YN No Listing Terms Cash OutConventionalOwner Financing Net Operating Income 400978 Possession ClosingTenant's Rights Possible Use CommercialOfficeRetail Property Sub Type Commercial Industrial Senior Community YN No Sewer Sewer Connected Special Listing Conditions None Tax Annual Amount 48548 Tax Year 2021 Utilities Sewer Connected Zoning Class CommercialOfficeRetail Zoning Jurisdiction City

    Listing information © 2021 Northwest Multiple Listing Service. Information is based on data available to the associate, including county records. The information contained in this listing has not been verified by Alchemy Real Estate and should be verified by the buyer.


    The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Alchemy Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-10-21T23:15:55.457.

     
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    Alchemy Real Estate
    2921 Eastlake Ave E
    Seattle WA, 98102
    Listing Courtesy of Paragon Real Estate Advisors.