824 E Pike St
Seattle WA 98122
Broadway State Building
824 E Pike St Seattle WA 98122
Listing #: 691504 | Status: Available | Last Modified: 1/15/2025 |
For Sale
- Phone:(425) 444-6501
- Email:dan.swanson@kidder.com
- Office Name:Gibraltar, LLC
- Office Phone:(206) 367-6080
- Office Website:
- Agent Phone:(206) 351-3573
- Agent Email:laura@gibraltarusa.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 1,975,000.0
- $/SF$ 499.6
- Listing StatusAvailable
- Days on Market6
- Asset ClassRetail, Office
- Terms
- Investment Type
- Investment PropYes
- Gross Income178,022
- Vacancy Factor %5.00%
- Operating Expenses58,067
- Net Operating Income111,053
- CAP Rate 6.07 %
- 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
- AnchorStarbucks
- 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 Floors2
- # of Units2
- # of Elevators
- A/CYes
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF3953
- Net Rentable Area3953
- Total Office SF1700
- Largest Contiguous SF
- Lot SF1307
- Acres0.03
- Property TypeOffice
- Office TypeOther
- Building ClassC
- CountyKing
- VicinityCapitol Hill
- Location DescriptionPike Pine Neighborhood
- Second Address824 E Pike Street
- Cross StreetPike Street
- Market AreaCapitol Hill/First Hill
- Tax ID #6003000525
- Additional Parcels
- ZoningNC3P-75(M)
- Year Built1913
- Year Renovated2013
- Completion Date
- Roof Type
- Construction TypeBrick, Masonry
Capitol Hill Premier Corner Investment or Owner/Us
The Broadway State building, situated in a pedestrian-oriented and transit-served retail corridor, is currently at 100% occupancy. The property’s ground-floor retail space is occupied by a franchise of Come Buy Tea, an international chain of Boba Tea and Waffle cafés. The busy operator just signed a 10-year lease. Upstairs is Here.com, a local design company with another year left on their lease, offering an owner-user buyer the opportunity to purchase the property and occupy the upstairs office space for their own business. With such an excellent corner location in one of Seattle’s most desirable neighborhoods, redeveloping the property into a view, mixed-use multifamily and retail property is another potentially lucrative option possible by obtaining or partnering with the neighboring pa
Located at the intersection of Broadway and Pike in Seattle`s Pike/Pine neighborhood of Capitol Hill. Close proximity to I-5 and Downtown Seattle. Architecturally significant building in close proximity to Capitol Hill businesses and Seattle Central Com