1520 5th Ave - Hospitality FOR SALE


Seattle, WA 98101
$26,000,000 USD
206-296-9626
1520 5th Ave, Seattle, WA for Sale
$26,000,000 USD
Hospitality - FOR SALE
1/4
null | Request Cap Rate

1520 5th Ave
Seattle, WA 98101


OVERVIEW

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 Distract, and adjacent to the city’s retail core. The project is now in design review permit (“Master Use Permit”) process with the City of Seattle. 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.

FOR SALE DETAILS

PRICE

$26,000,000 USD

PRICE/SF

$168 USD /SF

# OF ROOMS

246

PRICE/ROOM

$105,691 {currency}

CAP RATE

Request Cap Rate

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1520 5th Ave Hotel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

16

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2027

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,430 SF

ZONING

DRC 85-170

APN/PARCEL ID

197570-0135

ASK ABOUT THIS PROPERTY

David SpeersKidder MathewsMore Info
206-296-9626

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

David SpeersKidder MathewsMore Info
206-296-9626

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.