2420 2nd Avenue Seattle, WA 98121

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$16,500,000

Market Estimate

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0.45 Acres
Commercial
Listing# 1658262

Listing provided courtesy of: Windermere Real Estate Midtown

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Property Details

Description

Incredibly rare opportunity to acquire 19,440 SF of land in the heart of downtown Seattle's Belltown neighborhood! Property consists of 2 adjacent corner lots separated by an alley. 2420 2nd Ave is zoned DMR/C 95/65 & features a 6,480 SF remodeled office building occupied by a single tenant until 12/31/21 (NNN lease). 2421 3rd Ave is 12,960 SF zoned DMR/R 145/65 & is operated as a 48 stall parking lot. Unsurpassable location close to Pike Place Market, Space Needle, South Lake Union & the CBD.

General Features
- Association Fee 0
- Association Fee Frequency Not Specified
- County Or Parish King
- Furnished Unfurnished
- MLS Area Major 701 - Belltown/Downtn
- Property Sub Type Commercial Industrial
- Special Listing Conditions None
- Style Code 60 - Comm Bldg Und 10K
- Subdivision Name Belltown
- Tax Annual Amount 87076
- Tax Year 2020
- Year Built 1928
Building Features
- Approximate Building Square Feet 6480
- Approximate Office Square Feet 6480
- Approximate Warehouse Manufacturing Square Feet 0
- Building Area Total 0
- Building Area Units Square feet
- Building Features Disabled Access,Signage Included
- Cooling Y/N Yes
- Exterior Features Brick
- Flooring Ceramic Tile, Carpet
- Foundation Details Poured Concrete
- Heating Y/N Yes
- Interior Features Heat Pump, Ceramic Tile
- Living Area 0
- Living Area Units Square feet
- Roof Flat
Property Features
- Carport Y/N No
- Covered Spaces 0
- Irrigation Water Rights Y/N No
- Lot Size Acres 0.4463
- Lot Size Dimensions 120 x 108
- Lot Size Square Feet 19440
- Lot Size Units Square feet
- Open Parking Y/N No
- Parking Total 48
- Sewer Available, Sewer Connected
- Topography Level
- Utilities Sewer Connected,Electricity Available,Natural Gas Connected

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Neighborhood

98121 (Seattle) Demographics

33 Median Age

33,283 Population Density (per sq. mile)

73% College Educated

$86,546 Estimated Median Income

1,875 Estimated Total Home Owners

8,191 Estimated Total Renters

19% / 81% Estimated Owner / Renter Divide

2 Estimated Average Household Size

14,678 Total Population

Community data courtesy of LiveBy, Inc.

Market Last 30 Days In This Postal Code

$645,000 Median Sales Price

33 Homes Sold

48 New On Market

Average Days on Site

Properties for Sale

Calculations provided by Reliance Network

Property History

Date	Event	Price	Percent Change
--	Current Price Source	New Value: $16,500,000
9/8/2020 2:12:00 PM	New in Database Source	New Value: $16,500,000

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**Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

This property search is part of the Berkshire Hathaway HomeServices Northwest Real Estate website. Listing information is courtesy of the WA-NWMLS and Berkshire Hathaway HomeServices Northwest Real Estate. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2021. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.

Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.

2420 2nd Avenue $16,500,000