200 Broadway - Office FOR SALE


Seattle, WA 98122- First Hill | 
$5,500,000 USD
206-757-8890
200 Broadway, Seattle, WA for Sale
$5,500,000 USD
Office - FOR SALE
1/11
null | Request Cap Rate

NEW


200 Broadway
Seattle, WA 98122
First Hill


HIGHLIGHTS

  • 2 Adjacent Parcels
  • First Hill Neighborhood
  • Standalone Building
  • Access to Public Transportation

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$206 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Michael Reese Building

PROPERTY TYPE

Office

ADD'L SUBTYPES

Medical, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1915

SPRINKLERS

-

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,553 SF

ZONING

2 NC2-75(M)

APN/PARCEL ID

219760-0060,219760-0072

ASK ABOUT THIS PROPERTY

Michele ArnoldCenturyPacificMore Info
206-757-8890

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Michele ArnoldCenturyPacificMore Info
206-757-8890

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