Investment Overview
1820 Eastlake Ave E is a 100% leased, single-tenant covered land play in Seattle’s Eastlake / South Lake Union. The Offering caters to passive investors who will benefit from in-place cash flow with minimal management, or active investors/developers who want an A+ development site. The property is anchored by a strong credit tenant with attractive zoning and a massing study for up to approximately 184 residential units (C1-55 (M) zoning).
Investment Highlights
- 34,110 SF Building + Parking Lot
- Existing 100% Leased Office Building, Redevelopment 2 Parcel Site Opportunity
- 5-Star Credit Tenant
- NNN Income while Planning to Redevelop
- Irreplaceable A+ Location
- Multi-Family Growth Corridor
- Total Combined Land: 33,470 SF (.76 Acres)
- C1-55 (M) zoning for a 55' height limit; massing study available.
- Offer Price: $16,735,000