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Listing Provided by Paragon Real Estate Advisors  
$8,000,000
1205 E Pike St, Seattle, WA 98122
0 Beds
0 Baths
n/a sqft

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Listing Provided by Paragon Real Estate Advisors  
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.
  • Price:
  • $8,000,000
  • Acreage:
  • 0.16
  • Year Built:
  • 1920
  • Listing ID #:
  • NWM1836415
  • Street Address:
  • 1205 E Pike St
  • City:
  • Seattle
  • State:
  • Washington
  • Postal Code:
  • 98122
  • County:
  • King
  • Community:
  • 390 - Central Seattle
  • Subdivision:
  • Capitol Hill
  • Listing Status:
  • Pending
  • Listing Type:
  • Commercial Sale
  • Exterior Description:
  • Cement/Concrete
  • Flooring:
  • Hardwood, Vinyl, Carpet
  • Foundation:
  • Poured Concrete
  • Furnished:
  • Unfurnished
  • Structure:
  • Retail
  • Style:
  • 75 - Retail
  • Type Of Roof:
  • Flat
  • Year Built:
  • 1920
  • Annual Electric Expenses:
  • 17450
  • Annual Insurance Expenses:
  • 7973
  • Net Operating Income:
  • 400978
  • Lot Size Units:
  • Square Feet
  • Lot Square Footage:
  • 7021
  • Suitable Use:
  • Commercial, Office, Retail
  • On Market Date:
  • 2021-09-08
  • Originating Mls:
  • Nwmls
  • Terms:
  • Cash Out, Conventional, Owner Financing
  • Subdivision:
  • Capitol Hill
  • Property Taxes:
  • $48,548
  • Tax Year:
  • 2021
  • Sewage Type:
  • Sewer Connected
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided by Paragon Real Estate Advisors
  • Disclaimer: The information contained in this listing has not been verified by the member's firm and should be verified by the buyer. WANWMLS

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