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1205 E Pike Street

Seattle, WA 98122
  • $8,000,000
  • STATUS: Pending
  • ON SITE: 45 Days
  • ID#: 1836415
Under Contract
UPDATED: 47 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 Costello Team | Windermere Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-10-24T21:15:03.623.

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

  • Price: $8,000,000
  • Status: Pending
  • Updated: 47 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 Costello Team | Windermere 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 Costello Team | Windermere Real Estate are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. Data last updated 2021-10-24T21:15:03.623.

 
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Costello Team | Windermere Real Estate
100 116th Ave SE
Bellevue WA, 98004
Listing Courtesy of Paragon Real Estate Advisors.