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2209 2nd Ave (Downtown!)

2209 2nd Ave, Seattle, WA, 98121
Last updated 06/22/2016

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

Attachments

2209 2nd Ave, Seattle, WA, 98121