1117 Pike Street, Seattle, WA 98101
- $1,998,000
Listing courtesy of Westlake Associates, Inc..
- List Price
- $1,998,000
- Status
- ACTIVE
- MLS#
- 2582606
- Days on Market
- 0
Property Description
This 10,800 SF three-story property at the intersection of Capitol Hill and Downtown Seattle is located within the Pike/Pine corridor with proxiity to employment, retail, entertainment, and residential amenities. The property is currently leased to an established tenant at $12,000 per month + NNN Expenses. Potential repositioning strategies include mixed-use residential apartments with retail, hotel or hostel accommodations, gallery or artist spaces, work lofts, creative or traditional office uses, or continued operation as a membership-based private club. The in-place cash flow offers a foundation from which to evaluate future repositioning or redevelopment strategies, while the property’s central location and building configuration provide multiple avenues for long-term value creation. Exterior: Wood Frame; Heat: Hot Water; Roof: Flat - TPO Membrane; Zoning: NC3P-95 (M)
Additional Information
- Community
- Capitol Hill
- Style
- 61 - Comm Bldg Ovr 10K
- Year Built
- 1909
- Roof
- Flat
- Potential Terms
- Cash, Conventional
- Driving Directions
- From I-5 N: Take Exit 164A (Madison St), merge onto 7th Ave, right on Madison, left on 8th, right on Pike St. From I-5 S: Take Exit 166 (Stewart St), left on Boren Ave, left on Pike St.
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