2300 Fairview Ave E
Seattle WA 98102-6520

Pete's Market Building

2300 Fairview Ave E Seattle WA 98102-6520

Listing #: 656515 | Status: Available | Last Modified: 8/31/2022 |

For Sale
Brian Platt
  • Phone:(206) 812-9130
  • Email:brianp@paragonrea.com
  • Office Name:Paragon Real Estate Advisors
  • Office Phone:(206) 623-8880
  • Office Website:
Michael Urquhart
Ben Douglas
Showing Instructions
  • Call Listing AgentNo
  • Use DiscretionNo
Price Information
  • Listing Price$ 8,700,000.0
  • $/SF$ 622.9
  • $/Unit$ 790,909.1
  • Listing StatusAvailable
  • Days on Market32
  • Asset ClassRetail, Multi-Family
  • Terms
Investment Information
  • Investment Type
  • Investment PropYes
  • Gross Income489,597
  • Vacancy Factor %5.00%
  • Operating Expenses97,831
  • Net Operating Income367,286
  • CAP Rate 4.50 %
Detail Listing Information
  • Min Total SF0
  • Max Total SF0
  • Lease Rate Low$ 00.0
  • Lease Rate High$ 00.0
  • Heat Source
  • Total Units11
Utilities
  • Water
  • Electricity
  • Storm Sewer
Retail Information
  • SignageSignage on Building and Freestanding
  • Anchor
Retail Asset Class Info
  • Crane Count
  • Crane Tonnage0
  • Clearance Height Min
  • Clearance Height Max
  • Bay Depth
  • Second Road Front
  • Grade Level Door Count
  • Tennant Improvement Allowance
Financial Summary
  • CAP Rate 4.50 %
  • }
Building Information
  • Building StatusExisting
  • # of Buildings1
  • # of Floors3
  • # of Units11
  • # of Elevators
  • Clearance Height Min
  • Clearance Height Max
  • Bay Depth
  • Total Building SF13968
  • Net Rentable Area13968
  • Total Office SF
  • Largest Contiguous SF
  • Lot SF11042
  • Acres0.25
Property Type
  • Property TypeMulti-Family
  • Office Type
  • InvestmentYes
  • Building Class
Location
  • CountyKing
  • Vicinity
  • Location Description
  • Second Address2310 Fairview Avenue E
  • Cross Street
  • Market AreaLake Union
  • Tax ID #2902201176
  • Additional Parcels2902201185
  • ZoningLR2 RC (M)
Parking Information
  • # Covered Spaces2
  • # Uncovered Spaces23
  • Total Parking Spots25
  • Parking Ratio
Construction
  • Year Built1965
  • Year Renovated
  • Completion Date
  • Roof Type
  • Construction TypeMasonry

Pete’s Market Building

Public Comments

Paragon Real Estate Advisors is pleased to announce the exclusive listing of the Pete’s Market Building, located across the street from the shores of Lake Union. Pete’s Market opened on January 2nd, 1974 and quickly became the “House of Wines.” Not only just an Eastlake neighborhood favorite, Pete’s attracts visitors from all over the region. Pete’s Market was fully renovated in 2019. Located above Pete’s Market are ten luxurious, spacious, and fully remodeled apartment units. The units consist of four – one bedroom one bathroom units averaging 734 square feet, two – one bedroom one bathroom plus den units that average 797 square feet, two – one bedroom plus den and balcony units that average 809 square feet, and two – two bedroom one bathroom units plus balcony that average 879 square f

Listing Images