1101 Pike StSeattle, WA 98122

Property Details for 1101 Pike St

Year built

1911

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.12 AC

Property size (Sq ft)

20,480 SF

Zone code

NC3P-75 (M)

Property type

Office properties

Property subtype

Office buildings

APN

600350-0190

APU

6003500190

Description

This exceptional 19,210 square foot creative office building, located at 1101 E Pike Street in Seattle's Capitol Hill submarket, presents a unique investment opportunity. Built in 1911 and extensively renovated in 2023, this three-story building boasts a single structure with multiple tenancies. The available space totals 4,383 square feet, ideal for businesses seeking a prominent presence in this dynamic neighborhood. The building's design incorporates expansive windows, maximizing natural light and showcasing the bustling energy of Capitol Hill. Its prime location offers excellent foot traffic, with close proximity to a variety of trendy cafes, boutiques, and vibrant nightlife. Situated in King County, Washington, with a 98122 zip code, this property is perfectly positioned to capitalize on the area's thriving business environment. The building's blend of historical charm and modern updates creates a sophisticated and inspiring workspace, making it an attractive option for creative businesses and entrepreneurs. This is a rare chance to secure a space in one of Seattle's most desirable and sought-after urban locations. The property's strategic location and recent renovations ensure a high-quality, functional, and aesthetically pleasing environment for any business.

• CAP approach

  CAP return

  Valuation

  6%

  $5,541,938

  6.5%

  $5,115,636

  7%

  $4,750,233

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,491,998

  Geo Method

  $3,944,038

• Alternative Use

  Use

  Valuation

  Residential

  $6,343,388

  Hospitality

  $5,810,509

  Educational

  $4,834,276

  Medical

  $5,000,534

  Retail

  $7,519,984

Location Insight

City

Seattle

County

King

State

Washington

Latitude

47.6139

Longitude

-122.318

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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