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1701 1st Ave S - SODO Development Site 0.61 Acres of Industrial Land in Seattle, WA 98134

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INVESTMENT HIGHLIGHTS

90 on-site parking stalls enhance site utility

Single tenant lease in place through September 2025

EXECUTIVE SUMMARY

Located just one block south of T-Mobile Park in Seattle’s dynamic SODO district, 1701 1st Avenue S presents a rare opportunity to acquire a prime development site with income-producing potential. The property spans 26,640 SF of land and includes a 27,690 SF three-story building, currently leased to a single tenant through September 2025. Additionally, the site generates approximately $156,000 annually from a shared parking agreement with Republic Parking NW, offering immediate cash flow for investors.

NAI PSP Marketing Brochure

PROPERTY FACTS

Sale Type	Investment	Property Subtype	Industrial
No. Lots	1	Total Lot Size	0.61 AC
Property Type	Land	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	UI U/85

Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Industrial
Total Lot Size	0.61 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	UI U/85

1 LOT AVAILABLE

Lot

Lot Size	0.61 AC

Lot Size	0.61 AC

0.611 AC (26,640 SF) Lot 27,690 (3 floors) Building Zoned Urban Industrial (UI U/85); Stadium Overlay 90 parking Stalls Potential Parking Revenue with Republic Parking NW 100% Leased till 09/30/25

DESCRIPTION

Zoned Urban Industrial (UI U/85) with a Stadium Transition Overlay, the site supports a wide range of uses including office, medical, industrial, retail, self-storage, and lodging. With a generous 85-foot height limit and a FAR of 4.5, the property is ideally suited for redevelopment or adaptive reuse. Its strategic location offers direct access to I-90, SR-99, and I-5, placing downtown Seattle, the Port of Seattle, and major transit corridors within minutes.

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Transit Score®

Excellent Transit (81)

Bike Score®

Very Bikeable (88)

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PROPERTY TAXES

Parcel Number	766620-7085	Improvements Assessment	$1,409 CAD
Land Assessment	$7,509,763 CAD	Total Assessment	$7,511,172 CAD

PROPERTY TAXES

Parcel Number

766620-7085

Land Assessment

$7,509,763 CAD

Improvements Assessment

$1,409 CAD

Total Assessment

$7,511,172 CAD

(425) 586-5622

CONTACTS

Bob Swain
Matthew Hopkins
NAI Puget Sound Properties

Listing ID: 37444798
Date on Market: 2025-08-27
Last Updated:
Address: 1701 1st Ave S, Seattle, WA 98134

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