Eastlake Office Building / Development Site 207 Edgar St 4,660 SF Office Building Seattle, WA 98102 $1,600,000 ($343.35/SF)
INVESTMENT HIGHLIGHTS
- Previously a law office for over 50 years and this is the first time the property is on the market in 35 years
- Owner-user opportunity for a professional practice
- Walk score - 84 & Bike score - 79
- 10 off-street parking spaces
- 5,500 square foot lot zoned NC2-65 (M2) with potential to develop 5 townhouses (Buyer to verify)
EXECUTIVE SUMMARY
Paragon Real Estate Advisors is pleased to present the exclusive listing of the Eastlake Office Building and potential development site. This marks the first time the building has been on the market in 35 years. Offering 4,660 square feet of office space (per King County records), the building was previously occupied by a law office and is currently vacant, making it an ideal opportunity for a professional to establish their practice in a prime Eastlake Avenue location near Downtown Seattle.
The property also has significant development potential, with its NC2-65(M2) zoning and 5,500-square-foot lot. While no preliminary feasibility study has been conducted, the site’s size and zoning could allow for the construction of up to five townhouses (Buyer to verify). The neighboring parcel to the south may be open to a sale as well. The two parcels together would total 11,000 sqft.
Located in Seattle’s premier Eastlake neighborhood, 207 E Edgar St provides stunning views of Lake Union, Gas Works Park, and the Olympic Mountains. Blocks away from access to Lake Union for boat¬ing and kayaking, while being just steps away from boutique shops, cozy cafes, and top-rated restaurants. This sought-after location offers a perfect balance of residential charm and urban convenience, with easy access to Downtown Seattle, the University District, and major tech hubs.
The property also has significant development potential, with its NC2-65(M2) zoning and 5,500-square-foot lot. While no preliminary feasibility study has been conducted, the site’s size and zoning could allow for the construction of up to five townhouses (Buyer to verify). The neighboring parcel to the south may be open to a sale as well. The two parcels together would total 11,000 sqft.
Located in Seattle’s premier Eastlake neighborhood, 207 E Edgar St provides stunning views of Lake Union, Gas Works Park, and the Olympic Mountains. Blocks away from access to Lake Union for boat¬ing and kayaking, while being just steps away from boutique shops, cozy cafes, and top-rated restaurants. This sought-after location offers a perfect balance of residential charm and urban convenience, with easy access to Downtown Seattle, the University District, and major tech hubs.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
4,660 SF
Building Class
C
Year Built/Renovated
1915/1985
Price
$1,600,000
Price Per SF
$343.35
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
1,553 SF
Slab To Slab
12’
Building FAR
0.85
Lot Size
0.13 AC
Zoning
NC2-65(M2)
Parking
10 Spaces (2.15 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
1 of 1
Walk Score®
Very Walkable (84)
Bike Score®
Very Bikeable (79)
PROPERTY TAXES
| Parcel Number | 195970-0090 | Improvements Assessment | $1,000 |
| Land Assessment | $2,062,500 | Total Assessment | $2,063,500 |
