166 Roy St - Office/Residential FOR SALE


Seattle, WA 98109- Lower Queen Anne
$2,895,000 USD
206-658-7247
166 Roy St, Seattle, WA for Sale
$2,895,000 USD
Office/Residential - FOR SALE
1/30
null | Request Cap Rate

166 Roy St
Seattle, WA 98109
Lower Queen Anne


HIGHLIGHTS

  • $450,000 in improvements since 2022 ($300K for tenant improvement work and $150k for FF&E)
  • Option to include all FF&E with sale
  • Current tenant open to potential leaseback scenario
  • 7 off-street parking spots
  • A+ lower Queen Anne locationPotential owner-occupancy opportunity with SBA financing

OVERVIEW

Paragon Real Estate Advisors is pleased to present the sale of the Queen Anne Mixed-Use/Development Site at 166 Roy Street. Located in the heart of Lower Queen Anne, the property is just steps from Climate Pledge Arena, the Space Needle, and an array of restaurants, cafes, and entertainment venues. This prime location offers buyers flexibility—whether to owner-occupy, operate as an income-producing investment, or redevelop the site for future use. The existing building features a unique, top-floor 1BD/1BTH unit complete with a large private terrace. The first two floors consist of office space that has undergone extensive renovations totaling roughly $450,000 since 2022. Currently occupied by a tenant who will vacate at closing, the building provides an ideal opportunity for an owner-user. Originally rebuilt from the foundation in 2004, the property combines modern updates with long-term potential in one of Seattle’s most dynamic neighborhoods.

FOR SALE DETAILS

PRICE

$2,895,000 USD

PRICE/SF

$1,056 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Queen Anne Mixed-Use/ Development Site

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1946

SPRINKLERS

-

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,080 SF

ZONING

SM-UP 65 (M)

APN/PARCEL ID

545730-0610

ASK ABOUT THIS PROPERTY

Ben DouglasParagon Real Estate AdvisorsMore Info
206-658-7247

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Ben DouglasParagon Real Estate AdvisorsMore Info
206-658-7247

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