206-926-9292
2301 3rd Ave, Seattle, WA for Sale
Hospitality - FOR SALE
1/58
null | Request Cap Rate

2301 3rd Ave
Seattle, WA 98121
Belltown


HIGHLIGHTS

  • A 165-ROOM BOUTIQUE HOTEL OFFERING IN SEATTLE’S BELLTOWN

OVERVIEW

Visit https://seattlehotelproperty.com/ to access the offering memorandum and deal room. Originally constructed as an apartment community in 1990 and converted to hospitality use in 2008, the five-story, 57,800 SF building retains residential amenities—oversized operable windows and a fully appointed kitchenette in every guestroom—while delivering the service efficiency of a limited-service hotel. Recent capital programs have fortified the asset for the next ownership cycle with property-wide PTAC heat-pump units and comprehensive cosmetic refreshes. A panoramic roof terrace and landscaped interior courtyard provide guests with two outdoor gathering spaces. Located steps from Pike Place Market, the Space Needle, Amazon’s global headquarters, and the Bell Street Cruise Terminal, the Belltown Inn benefits from a truly diversified demand base—leisure, corporate, group and cruise—reflected in historically high occupancies and resilient post-pandemic performance. With soft-brand affiliation potential the Belltown Inn offers investors a turn-key Seattle foothold with multiple levers for upside.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF ROOMS

174

CAP RATE

Request Cap Rate

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Belltown Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

5

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1990

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

DMRR 12565

APN/PARCEL ID

065600-0290

ASK ABOUT THIS PROPERTY

Mike KingKidder MathewsMore Info
206-926-9292

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

Mike KingKidder MathewsMore Info
206-926-9292

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