200 Broadway presents a rare opportunity to acquire a standalone commercial building in Seattle’s tightly held First Hill neighborhood. Prominently positioned at the intersection of Broadway and E. Spruce Street, the Property benefits from exceptional visibility within one of Seattle’s most established employment and healthcare districts.
The Property’s location provides strategic proximity to Harborview Medical Center and the Swedish Medical Center First Hill and Cherry Hill medical campuses, positioning 200 Broadway particularly well for medical, professional services, nonprofit, or other institutional users seeking a distinctive standalone presence. On-site parking and immediate access to First Hill Streetcar further enhance the Property’s utility and connectivity.
200 Broadway further offers investors meaningful long-term redevelopment optionality of the two-parcel offering, providing a developable area of 16,596 total SF . The Property’s NC2-75(M) zoning supports a broad range of commercial, residential, and mixed-use applications, creating the potential to reposition or redevelop the site as market conditions and ownership objectives evolve. The property is located within a Qualified Opportunity Zone (QOZ), which was established through the Tax Cuts and Jobs Act of 2017 to encourage investment in low-income areas. Under this act, investors receive a tax incentive for a new development within the zone.
Combining a scarce standalone building format, high-profile Broadway frontage, proximity to Seattle’s major First Hill healthcare institutions, and future development potential, 200 Broadway offers a differentiated opportunity to acquire a strategically located urban asset with both near-term utility and long-term optionality.