1401 Broadway
Seattle WA 98122

Harvard Market

1401 Broadway Seattle WA 98122

Listing #: 686898 | Status: Available | Last Modified: 11/22/2024 |

For Sale
Paul Sleeth
Billy Sleeth
Showing Instructions
  • Call Listing AgentNo
  • Use DiscretionNo
Price Information
  • Listing Price$ 25,000,000.0
  • Listing StatusAvailable
  • Days on Market98
  • Asset ClassRetail
  • Terms
Condo Information
  • CondoYes
  • Condo $/SF575
  • Condo SF43,477
  • Condo Parcel #
  • Condo Fees
Investment Information
  • Investment Type
  • Investment PropYes
  • Gross Income2,221,808
  • Vacancy Factor %0.00%
  • Operating Expenses864,568
  • Net Operating Income1,357,240
  • CAP Rate 5.43 %
Detail Listing Information
  • Min Total SF0
  • Max Total SF0
  • Lease Rate Low$ 00.0
  • Lease Rate High$ 00.0
  • Heat Source
  • Total Units
Utilities
  • Water
  • Electricity
  • Storm Sewer
Retail Information
  • SignageSignage on Building and Freestanding
  • AnchorQFC, Bartell Drugs
Retail Asset Class Info
  • Crane Count
  • Crane Tonnage0
  • Clearance Height Min
  • Clearance Height Max
  • Bay Depth
  • Second Road Front
  • Grade Level Door Count
  • Tennant Improvement Allowance
Building Information
  • Building StatusExisting
  • # of Buildings1
  • # of Floors3
  • # of Units5
  • # of Elevators1
  • A/CYes
  • Clearance Height Min
  • Clearance Height Max
  • Bay Depth
  • Total Building SF87495
  • Net Rentable Area87495
  • Total Office SF
  • Largest Contiguous SF2459
  • Lot SF74488
  • Acres1.71
Property Type
  • Property TypeRetail
  • Office TypeMulti-Tenant
  • InvestmentYes
  • Building Class
Location
  • CountyKing
  • VicinityCapitol Hill
  • Location DescriptionOn Broadway between E Pike St and E Union St
  • Second Address
  • Cross StreetPike St
  • Market AreaNot Assigned
  • Tax ID #3148650000
  • Additional Parcels
  • ZoningNC3P-75(M)
Parking Information
  • # Covered Spaces213
  • # Uncovered Spaces77
  • Total Parking Spots290
  • Parking Ratio
Construction
  • Year Built1996
  • Year Renovated2019
  • Completion Date01/01/1996
  • Roof TypeFlat, Built-up
  • SprinklersYes
  • Construction Type

Harvard Market Multi-Tenant Retail

Public Comments

Harvard Market is a generational asset located in the heart of Capitol Hill – Seattle’s most dynamic and densely populated trade area. The shopping center benefits from an irreplaceable location highlighted by a high-performing shadow anchor grocery store (QFC/Kroger), huge barriers to entry, a rare value-add component due to the recent Bartell Drugs vacancy, strong annual contracted rental increases, long-term rental growth, and pure real estate appreciation.

Public Building Comments

The Harvard Market enjoys a prime location on Broadway between East Pike Street and East Union Street in the heart of Capitol Hill. Strong neighborhood demographics. Excellent access to public transportation and along the route of the First Hill Street

Search Tags

Condos, Grocery Anchor, Regional Center, Restaurant

Listing Images