2124 Fourth Avenue Building - 2124 4th Ave, Seattle, WA 98121
For Sale
For Sale
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Year Built
1952
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Overview
The 25,497 square foot, reinforced concrete office building is located on approximately 12,960 square feet of land or approximately 0.30 acres. The building is currently 100% leased to King County which operates medical and dental clinics, and provides other health related services to the public. The first and second floors are used primarily as medical office space with the 3rd floor primarily standard office space. The eastern portion of the site is improved with a 24-stall parking lot. The property is designated DMC 240/290-400 by the City of Seattle and is located in the Belltown neighborhood immediately north of the Seattle CBD. Zoning will allow multi-family, office, or mixed-use development. Maximum allowable FAR is 7:1 (base FAR is 5:1) and maximum height limit is 400 feet (residential). Height limit is subject to possible tower spacing limitations.
Office Space Details
The 25,497 square foot, reinforced concrete office building is located on approximately 12,960 square feet of land or approximately 0.30 acres. The building is currently 100% leased to King County which operates medical and dental clinics, and provides other health related services to the public. The first and second floors are used primarily as medical office space with the 3rd floor primarily standard office space. The eastern portion of the site is improved with a 24-stall parking lot. The property is designated DMC 240/290-400 by the City of Seattle and is located in the Belltown neighborhood immediately north of the Seattle CBD. Zoning will allow multi-family, office, or mixed-use development. Maximum allowable FAR is 7:1 (base FAR is 5:1) and maximum height limit is 400 feet (residential). Height limit is subject to possible tower spacing limitations.
- Property TypeOffice
- Submarket
- Year Built1952
- Sale Price$9,365,000
- Total Building Size25,497RSF
- Cap Rate5.0%
- Number of Floors4
- Number of Buildings1
- Building ClassB
- ZoningDMC 240/290 – 400
- Will build to suitNo
- SewerNo
- Corner lotNo
- Property ID290645