1401 Broadway
Seattle WA 98122
Harvard Market
1401 Broadway Seattle WA 98122
Listing #: 686898 | Status: Available | Last Modified: 11/22/2024 |
For Sale
- Phone:(206) 518-9547
- Email:paul.sleeth@nmrk.com
- Office Name:Newmark
- Office Phone:(206) 388-3000
- Office Website:www.nmrk.com
- Agent Phone:(206) 518-9567
- Agent Email:billy.sleeth@nmrk.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 25,000,000.0
- Listing StatusAvailable
- Days on Market98
- Asset ClassRetail
- Terms
- CondoYes
- Condo $/SF575
- Condo SF43,477
- Condo Parcel #
- Condo Fees
- Investment Type
- Investment PropYes
- Gross Income2,221,808
- Vacancy Factor %0.00%
- Operating Expenses864,568
- Net Operating Income1,357,240
- CAP Rate 5.43 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- AnchorQFC, Bartell Drugs
- Crane Count
- Crane Tonnage0
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Second Road Front
- Grade Level Door Count
- Tennant Improvement Allowance
- 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 TypeRetail
- Office TypeMulti-Tenant
- InvestmentYes
- Building Class
- 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)
- # Covered Spaces213
- # Uncovered Spaces77
- Total Parking Spots290
- Parking Ratio
- Year Built1996
- Year Renovated2019
- Completion Date01/01/1996
- Roof TypeFlat, Built-up
- SprinklersYes
- Construction Type
Harvard Market Multi-Tenant Retail
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.
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
Condos, Grocery Anchor, Regional Center, Restaurant