160 Roy St - Office/Residential FOR SALE


Seattle, WA 98109- Lower Queen Anne
$4,300,000 USD
206-623-8880
160 Roy St, Seattle, WA for Sale
$4,300,000 USD
Office/Residential - FOR SALE
1/51
null | Request Cap Rate

160 Roy St
Seattle, WA 98109
Lower Queen Anne


HIGHLIGHTS

  • Seller financing available - Negotiable terms
  • Top floor penthouse
  • Secured six car garage
  • Seismically retrofitted
  • New roof in 2022
  • Elevator with private access to the penthouse

OVERVIEW

Paragon Real Estate Advisors is pleased to announce the sale of the Queen Anne Mixed-Use Building with attractive seller financing terms. The property provides the buyer the option to owner-occupy the penthouse, office space, both, or operate the building as an investment. The penthouse would be an ideal “home away from home” for a buyer looking for a place to call home in Seattle or ideal for short-term rentals to provide extra income. The building went through major renovations in 2006, including a seismic retrofit, and the addition of the fourth floor penthouse. The penthouse is a gorgeous 3BD/2BTH 2,418 square foot unit on the fourth floor accessed by an elevator from the second floor garage. Designed by an architect, the penthouse rivals $2M condos found on the market with its high-end finishes, gas fireplace, gleaming hardwood floors, Viking range/hood, and high ceilings. The interior dining area opens out to the expansive 1,075 square foot balcony lined with mature landscaping creating privacy and an oasis for entertainment including stunning views of the Space Needle. The hot tub brings the outdoor patio experience to the next level. The first floor is 2,234 square feet of office space and is currently occupied by Dream Clinic that has a lease until October 2026. The second and third floor are currently unoccupied office space, consisting of 847 square feet on the second floor and 3,209 square feet on the third floor. The six car garage with a roll up door is on the second floor and accessed on the West side of the building. The second floor office space can easily be converted to an apartment unit. Additionally, the zoning allows for the penthouse to be converted to office space (Buyer to verify).

FOR SALE DETAILS

PRICE

$4,300,000 USD

PRICE/SF

$474 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Queen Anne Mixed-Use

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,320 SF

ZONING

SM-UP 65 (M)

APN/PARCEL ID

545730-0675

ASK ABOUT THIS PROPERTY

Cathy JeneyParagon Real Estate AdvisorsMore Info
206-623-8880

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Cathy JeneyParagon Real Estate AdvisorsMore Info
206-623-8880

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