425-445-0071
1110 8th Ave, Seattle, WA for Sale
Apartments - FOR SALE
1/8
null | Request Cap Rate

1110 8th Ave
Seattle, WA 98101
First Hill


HIGHLIGHTS

  • Investment Scale: At 195 residential units and one popular restaurant, Lowell Emerson offers a compelling scale for significant value-add upside
  • Incentivized Capital Improvements: The City of Seattle offers incentives for preserving historic properties. Investors will be able to lower the asses
  • Steam Heat Conversion: Converting the building from steam to electric heat will provide significant yearly utility savings
  • Leased Retail: Ananas Pizzeria is a popular neighborhood eatery known for its unique fusion of Lao flavors and traditional pizza. Fully Leased through
  • Replacement Cost: Cost of high rise construction today exceeds $800,000 per unit, offering an investor the opportunity to purchase Lowell Emerson at a
  • Above Average Return on Investment: Ability to achieve a mid-6% return-on-cost, usually reserved for the risk associated with new development

OVERVIEW

Cushman & Wakefield Capital Markets (“C&W”) is pleased to present an exclusive opportunity to acquire The Lowell Emerson (the “Property”), an iconic, 195-unit, mixed-use multifamily investment located in the heart of Seattle. Originally built as a grand hotel by famed Seattle architect Henry Hudson, the Lowell Emerson is walkable to Downtown and First Hill. The Lowell Emerson represents a compelling value-add investment with institutional scale, wrapped up in an architecturally timeless building.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

195

CAP RATE

Request Cap Rate

% LEASED

80%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Lowell Emerson

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

11

YEAR BUILT

1928

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,375 SF

ZONING

HR, Seatttle

APN/PARCEL ID

197920-0185,197920-0186

ASK ABOUT THIS PROPERTY

Dylan RoeterCushman & WakefieldMore Info
425-445-0071

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Dylan RoeterCushman & WakefieldMore Info
425-445-0071

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.