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900-904 Elliott Avenue W, Seattle, WA 98119 a DEVELOPMENT and INVESTMENT OPPORTUNITY

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900-904 Elliott Avenue W, Seattle, WA 98119 a DEVELOPMENT and INVESTMENT OPPORTUNITY FOR SALE | 900-904 Elliott Avenue W, Seattle, WA 98119 A DEVELOPMENT AND INVESTMENT OPPORTUNITY PROPERTY HIGHLIGHTS CONTACT INFORMATION: • HIGH VISIBILITY MATTHEW LITTLE • 30,100 SF LOT SIZE PRINCIPAL | BROKER • 20,276 SF BUILDING SIZE 900-904 206.505.9422 • $5,475,000 little@ westlakeassociates.com • MERCER ST & ELLIOTT AVE OFFERING SUMMARY 900 - 904 Elliott Avenue W, Seattle, WA 98119 Queen Anne Upholstery Development Site OFFERING SUMMARY PROPERTY HIGHLIGHTS Sale Price: $5,475,000 • Seller, Queen Anne Upholstery, to Lease Back for up to 3 years Price / Lot SF $181.29 per SF • Opportunity to Acquire 920-942 Elliott Ave W Property, Adjacent to the North for $4,100,000; a 19,240 SF Portfolio of Two Buildings on 15,176 SF Lot. Lot Size: 30,200 SF • Located on the cross streets of Elliott Avenue and Mercer Street with Year Built: 1931 High Visibility to Passing Vehicles. Traffic Count per day is 49,200 Effective Year Built: 1985 • Adjacent to Kinnear Park’s Dog Park Off Lease Area, Tennis Courts, and Building Size: 900 Elliott: Nature Trail 2,436 SF 904 Elliott: • Close to Pedestrian Bridge for Access to Seattle’s Waterfront, Centennial 1st Floor - 6,490 SF Park via Helix Bridge at W Prospect Street. Upper Floor - 10,335 SF Total Building Size: 20,276 SF • Close Proximity to Downtown Seattle and Ballard. • Freight Elevator Zoning: 900 Elliott: C2 Commercial 904 Elliott: LR3 (M) Low Rise • Sprinkler Installed in Basement FOR MORE INFORMATION: 1200 Westlake Avenue N, Suite 310 MATTHEW LITTLE Seattle, WA 98109 206.505.9422 206.505.9400 [email protected] PROPERTY DETAILS 900 - 904 Elliott Avenue W, Seattle, WA 98119 Queen Anne Upholstery Development Site Kinnear Park Elliott Ave N Mercer Street CITY OF SEATTLE ZONING BUILDING AREA C2 Commercial 2,800 SF of Land at 900 Elliott Ave W Consists of 20,276 SF of: Tax Parcel # 387990-2020 • 6,490 SF first floor Retail Showroom on Elliott Ave W • 10,335 SF upper floor with access off shared City of LR3 (M) Low Rise 27,400 SF of Land at 904 Elliott Ave W Seattle Parking Lot Tax Parcel # 387990-2021 • 6,490 SF basement area installed with sprinkler FOR MORE INFORMATION: 1200 Westlake Avenue N, Suite 310 MATTHEW LITTLE Seattle, WA 98109 206.505.9422 206.505.9400 [email protected] PROPERTY DETAILS 900 - 904 Elliott Avenue W, Seattle, WA 98119 Queen Anne Upholstery Development Site SITE Commute King County Assessed Value Walk Score 70 Taxable Total Value $ 2,343,500 Very Walkable; Errands can be Taxable Imps Value $ 145,500 accomplished on foot Adjacent to Kinnear Park Transit Score Taxable Land Value $ 2,198,000 59 Good Tranist; Major Employers Nearby Along Elliott Avenue Many nearby public • Expedia Corporate • F5 Networks, Inc. transporation options Bike Score Headquarters • Smith Cove Cruise 44 • Amazon Terminal Somewhat Bikeable; Good Bike Lanes • Big Fish Games • Zulily FOR MORE INFORMATION: 1200 Westlake Avenue N, Suite 310 MATTHEW LITTLE Seattle, WA 98109 206.505.9422 206.505.9400 [email protected] PUGET SOUND PUGET SOUND LARGEST EMPLOYERS Set in the beautiful Pacific Northwest, the world’s largest aerospace company, second- greater Seattle area is a national center largest maker of large commercial jets, and JOINT BASE second largest global defense contractor. for manufacturing, technology, services, LEWIS-MCCHORD international trade and tourism. Boeing is one of the largest employers in the Puget Sound, employing approximately 80,000 56,000 80,000 in Washington. MAJOR EMPLOYERS Employees Employees Today some of the world’s most recognizable Employment is expanding through the Fortune 500 companies call Seattle home: greater Seattle area. The Puget Sound region Microsoft, Starbucks, Amazon, Nordstrom, is projected to generate 1.2 million new jobs Costco and REI. Other major companies in by 2040. the area include Boeing, T-Mobile. Expedia, 42,000 25,000 Boeing and Nintendo of America. INTERNATIONAL TRADE Employees Employees According to the Puget Sound Business Seattle has remained one of the most resilient Journal, technology companies are leading cities due to its diverse industries, making it more attractive for new companies to relocate the way in employment growth in the Seattle and expand in the area. The Port of Seattle, MSA. As the home of Microsoft and Amazon, which also operates the Seattle-Tacoma Seattle accounts for over 20% of the nation’s International Airport, is a major gateway to software publishing employment. Microsoft Asia and cruises to Alaska. The Port of Seattle is one of the top employers in the sate ranks as the 6th busiest seaport in the US, 40,000 20,000 with over 42,000 employees. Their World playing a key role in bringing international Employees Employees Headquarters, located in Redmond is over 10 trade, transportation and travel to the Pacific million square feet. Northwest. The Puget Sound has become a international RECREATION leader in innovative industries with organizations such as the Fred Hutchinson The region is known for its quality of life, arts, Cancer Research Center, the University of and outdoor lifestyle which helps attract an Washington Medical Center and the Bill educated workforce. Numerous camping, 20,000 10,000 and Melinda Gates foundation. Healthcare hiking, winter sports, and recreational Employees Employees employment is projected to continue to grow activities are located a short drive from dramatically and Seattle has the 5th largest the city. Seattle’s main attractions include biotechnology Research and Development Pike Place Market, the Space Needle, and alliance between the University of Washington Seattle Center, home of the 1962 World’s Fair. and the Fred Hutchinson Cancer Research Seattle is home to a number of professional Center. sports teams including the 2013 Super Bowl champions, the Seattle Seahawks, the Seattle 15,000 The Puget Sound is one of the capitals of the Mariners, and the Seattle Sounders FC soccer 13,000 Employees aerospace industry anchored by Boeing, the team. Employees WESTLAKE ASSOCIATES, INC. Serving Washington State since 1975, Westlake Associates has earned its reputation as a leader in Commercial and Investment Real Estate Brokerage. We’ve built a strong foundation of experience in Investment Property Sales, Commercial Leasing, Property Management, and comprehensive real estate services over our 40 year history. At Westlake Associates, we operate as a team and leverage each other’s resources and experience to provide the highest level of client services. Matthew Little PRINCIPAL | BROKER little@ westlakeassociates.com ofc. 206.505.9422 cell. 206.953.4542.
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