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Old Yukon Bldg 1520 5th Ave 27,400 SF Vacant Retail Building Seattle, WA 98101 For Sale
Investment Highlights
- Fully entitled 16-story mixed-use project with Master Use Permit issued.
- Prime location in Seattle’s Central Business District and retail core.
- Surrounded by premier dining, shopping, and cultural destinations.
- Planned program includes 246-key hotel, 49 residential units, and ground-floor retail.
- Walking distance to Pike Place Market, Amazon campus, and Convention Center.
- Excellent transit access with nearby light rail and major arterials.
Executive Summary
Kidder Mathews has been retained by ARZ Global to market for sale their hotel and residential project located in the heart of Seattle’s Central Business District, and adjacent to the city’s retail core. The project has received a MUP (Master Use Permit) from the City of Seattle. See offering data room.
The proposed development at 1520 5th Avenue will be a central and iconic part of downtown Seattle. The 16 story project contains a mix of uses including a 246 room hotel which rises above a street-level facade containing the project’s lobbies and retail spaces. Residential units (apartment or condominium) rise above the hotel component of the project.
The scale of hotel, residential tower and courtyard podium create a harmony in scale with the historic block in which its located, which will conform with the architecture feel of 5th Avenue.
The proposed development at 1520 5th Avenue will be a central and iconic part of downtown Seattle. The 16 story project contains a mix of uses including a 246 room hotel which rises above a street-level facade containing the project’s lobbies and retail spaces. Residential units (apartment or condominium) rise above the hotel component of the project.
The scale of hotel, residential tower and courtyard podium create a harmony in scale with the historic block in which its located, which will conform with the architecture feel of 5th Avenue.
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Building Size
27,400 SF
Building Class
C
Year Built
1903
Percent Leased
Vacant
Tenancy
Multiple
Building Height
3 Stories
Slab To Slab
11’
Building FAR
1.91
Lot Size
0.33 AC
Zoning
DRC 85-170
Frontage
119’ on 5th Ave
Amenities
- Bus Line
Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (80)
Nearby Major Retailers
Property Taxes
| Parcel Number | 197570-0135 | Improvements Assessment | $4,709,438 CAD |
| Land Assessment | $19,722,528 CAD | Total Assessment | $24,431,966 CAD |
Property Taxes
Parcel Number
197570-0135
Land Assessment
$19,722,528 CAD
Improvements Assessment
$4,709,438 CAD
Total Assessment
$24,431,966 CAD
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Old Yukon Bldg | 1520 5th Ave
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