1229 Madison StSeattle, WA 98104

For Sale
$1,750,000

Prime Seattle location, move-in ready.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 2,352 square foot medical office condominium, located at 1229 Madison St, Seattle, WA 98104, presents a unique investment opportunity. Situated in the heart of Seattle's medical district, this Class B property boasts a desirable location, offering convenient access to Swedish Hospital and nearby amenities. The space comprises two combined units (1440/1430), currently 98% occupied, and is available for sale at $1,750,000 ($744.05/sq ft). The property features a complete medical office build-out, ready for immediate occupancy. Recent upgrades include new flooring, paint, a reception desk, and cabinets. An on-site parking garage provides 430 covered stalls, along with free short-term parking options. Enjoy stunning downtown views from this well-maintained space. The net lease structure offers flexibility, with the possibility of leasing back a portion to the seller. This turnkey solution is perfect for owner-users seeking a high-quality, established medical practice location in a vibrant urban setting. The property's proximity to restaurants and cafes adds to its appeal. This is a rare opportunity to acquire a thriving medical office space in a highly sought-after Seattle location.

Highlights

  • 2,352 SF medical office condo in Seattle's medical district.
  • Class B property at 1229 Madison St, Seattle, WA 98104, near Swedish Hospital.
  • $1,750,000 asking price ($744.05/SF); 98% occupied.
  • Complete medical build-out, recently upgraded with new flooring, paint, reception area, and cabinets.
  • On-site parking garage with 430 covered stalls and free short-term parking; downtown views.
  • Net lease structure; potential for leaseback.

Property Details for 1229 Madison St

Property type
Other office properties, Medical offices
Square Feet
2,352 SF
Class
B

Location Insight

City
Seattle
County
King
State
Washington
Latitude
47.6100869
Longitude
-122.3221135
1229 Madison St, Seattle, Washington

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1229 Madison St
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