$5,449,950
( )
 $29,257 est/mo Sourced by Back At You

3228 1st Avenue,Seattle, WA 98134

Seattle, WA 98134

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Description

Excellent income-producing investment opportunity in Seattle's thriving SODO district, just one mile south of downtown and minutes from the stadiums. This highly visible corner property offers outstanding frontage along First Avenue South, a 14,100 SF lot, and convenient access to I-5, I-90, and SR-99. The 20,975 SF building features multiple commercial tenants, diversified income streams, and additional leasing upside. The property's largest space, approximately 9,000 SF, was recently secured under a new 10-year NNN lease with Outland Club LLC. The building generates $324,360 in annual base rental income moving forward. Additional income comes from 13 leased band/practice rooms, a long-term commercial tenant (Fastest Labs), and a recently leased upstairs work loft. Significant upside remains with two vacant ground-floor commercial storefronts along First Avenue South totaling 2,400 SF, one upstairs work loft approximatly 2,000 SF, and four additional band/practice rooms available for lease. With a new long-term anchor tenant, established cash flow, diversified rental income, and opportunities to further increase revenue through lease-up, this property offers investors an excellent opportunity to acquire a substantial income-producing asset in Seattle's desirable SODO district.

Details

MLS #2494940
Listing TypeFor Sale
StyleCommercial Industrial
Sub-TypeResale
StatusActive
Year1937
Days On Site235
Listing Provided ByBerkshire Hathaway HS NW | Paul B. Poirier

Features

Units2
ZoningBusiness,Commercial,Industrial,I
Acreage0.32

Taxes

Property41508

Area Information

StateWA
CountyKing
CitySeattle
Zip Code98134
Area390 Central Seattle
Community NameSeattle
Listing VS Median (in Seattle)
Price:
$5,449,950
low | high
Med:
$640,000
100% of Average
On site:
235
low | high
Med:
90
100% of Average
Sourced by Back At You

Market Activity 98134

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Learn More About This Property

StateWA
CountyKing
CitySeattle
Zip Code98134
Area390 Central Seattle
Community NameSeattle
Listing VS Median (in Seattle)
Price:
$5,449,950
low | high
Med:
$640,000
100% of Average
On site:
235
low | high
Med:
90
100% of Average
Sourced by Back At You
Listing Updated: October 21, 2026 at 2:51:08 PM PDT