2204 First Ave

Corner location at intersection of 1st Avenue and Blanchard St in BelltownHigh-Rise Development Site With Existing Multifamily or Hotel Building With Street Level Commercial The 2204 First Avenue Property is a value-add investment redevelopment opportunity located 3 blocks north of Pike Place Market in the heart of the Belltown neighborhood. The value is in the land with zoning allowing a 9 story building with views of Elliott Bay and Olympic Mountains. The existing building can be leased to provide income while planning or land banking for future redevelopment of property. This three-story, 9,990 GSF building provides optimal versatility with the 13 living units to remain as multifamily residential units or convert use to hotel use. Street level retail can be converted to hotel lobby or other use or remain as successful Belltown Tobacco convenience store. Each living unit has private kitchen and bathroom. Lower level has shared laundry services, storage closets, utility room, and small shop area. The property has 9 onsite surface parking stalls. With proximity to the redesigned Seattle Waterfront, Pike Place Market, the Seattle Center & iconic Space Needle, this centrally located offering maintains significant utility with existing improvements with strong potential for high-rise zoned redevelopment in the near or long term.