Situated on a prominent corner in a pedestrian-oriented and transit-served retail corridor in Capitol Hill's Pike/Pine neighborhood, the Broadway State Building is a NNN leased property featuring 100% occupancy and a 6%+ current cap rate offered under $2M and approximately $500 per net rental square foot. The property features a perfect "Walker's Paradise". Walk score of 100 and is less than a mile from downtown and the Seattle Convention Center and within a 5 minute walk of Seattle Central College, Seattle University and many of Capitol' Hills employers and office spaces. The site offers +110 feet of frontage on E Pike/Broadway E and benefits from daily traffic counts of more than 10,350 vehicles heading in all directions.
MLS# | 2327022 |
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Listing Type | For Sale |
Style | Commercial |
Sub-Type | Resale |
Status | Active |
Year | 1913 |
Days On Site | 17 |
Listing Provided By | Kidder Mathews | Dan Swanson |
Units | 2 |
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Acreage | 0.03 |
State | WA |
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County | King |
City | Seattle |
Zip Code | 98122 |
Area | 390 Central Seattle |
Community Name | Capitol Hill |
Listing VS Median (in Capitol Hill) | |
Price: $1,975,000 low | high Med: $585,000 On Site: 17 low | high Med: 67.000000 |