The building is located on 1st Avenue South, 2 blocks South of Safeco Field. Easy walking distance to transportation, amenities, Starbucks, Stadiums, Pioneer Square and International District.
Ideal for Owner/User, this building has an open plan and is prepped for Buyer's improvements of choice. New storefront glazing and paint was completed this Summer. New roof install coming before delivery or as part of a credit to Buyer. Located in an opportunity zone, the lot is 2,422 SF and has useful street to street access!
Zoned IG1 U/85 • Traffic count +/- 40,000 • Daytime Employment one mile radius is approx 23,000.
Purchase includes building plans and construction permits for the demolition of an existing one-story structure and construction of a new three (3) story mixed-use structure. Permitted structure includes 3 Floors plus rooftop deck. 5,143 RSF of Retail/Office plus an optional residential unit.
SODO is perhaps the most rapidly gentrifying area in the Region. And a new arena for future NBA and NHL teams is in planning stages just two blocks away. Numerous new businesses have opened in the SODO area over the past 5-10 years capitalizing on the close in location/ much improved freeway access and upgraded zoning. SODO, once Seattle’s primary industrial area, is now an area of showrooms, breweries, art galleries, artist lofts, and a wide variety of new retail uses.