2209 2nd Ave (Downtown!)
Quick Summary
- Price
- $3,950,000
- Property Type:
- Retail, Retail (other)
- Listing Type:
- Sale
- Area:
- 3960 sq ft
- Property use
- This is an investement Property
- Construction status
- Existing
- Comission split
- 2%
- Cap rate
- 2.75%
- Space leased
- 100%
Property Description
The property was originally constructed as The Mayflower Apartments, a 4-story wood frame building with a grocery store on the ground floor and apartments above. Historic photographs suggest the building was altered to a 2-story structure in the mid-1940’s. Today, Pintxo Spanish Restaurant and The Bear and The Bee Sandwich Shop occupy the ground floor retail space, while the 2nd floor has The Upstairs Bar (same owner as Pintxo) and a single apartment unit. Much of the original charm remains intact including fir floors, wainscoting and 10-13 foot ceilings throughout. Five (5) parking spaces off alley in rear of building.
Located in the vibrant Belltown neighborhood of Downtown Seattle, the property is just a few blocks from the Pike Place Market and Seattle Waterfront.
Location Description
Address: 2207-2211 2nd Avenue, Seattle, WA 98121
Parcel No.: 197720-0670
2016 Taxes: $10,857.73
Year Built: 1910 (Effective Year: 1975)
Building Size: 3,960 Square Feet
Lot Size: 4,536 Square Feet
Zoning: DMR/R 85/65
Parking: 5 uncovered parking spaces off alley in rear of building