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1110 8th Ave
Seattle, WA 98101 First Hill

Price Upon Request

Apartments For Sale  •  105,776 SF

Property Details

  • Property Type Apartments
  • Total Building Size 105,776 SF
  • Lot Size 0.33 AC
  • Building Class C
  • Year Built 1928
  • Zoning HR, Seatttle
100 Transit Score
99 Walk Score

Highlights

Investment Scale: At 195 residential units and one popular restaurant, Lowell Emerson offers a compelling scale for significant value-add upside
Incentivized Capital Improvements: The City of Seattle offers incentives for preserving historic properties. Investors will be able to lower the asses
Steam Heat Conversion: Converting the building from steam to electric heat will provide significant yearly utility savings
Leased Retail: Ananas Pizzeria is a popular neighborhood eatery known for its unique fusion of Lao flavors and traditional pizza. Fully Leased through
Replacement Cost: Cost of high rise construction today exceeds $800,000 per unit, offering an investor the opportunity to purchase Lowell Emerson at a
Above Average Return on Investment: Ability to achieve a mid-6% return-on-cost, usually reserved for the risk associated with new development

Property Flyers

Amenities

  • 24 Hour Access
  • Cable Ready
  • Courtyard
  • Laundry Facilities
  • Property Manager on Site
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Carpet
  • Storage Space
  • Maintenance on site
  • Smoke Free
  • Vinyl Flooring
  • Window Coverings
  • Public Transportation

Public Transportation

Commuter RailDriveWalkDistance
King Street (Seattle) Station (Sounder South Line - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder)) 4 min 19 min 1.0 mi
AirportDriveWalkDistance
Seattle-Tacoma International 23 min - 14.4 mi
Seattle Paine Field International 34 min - 23.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Dylan Roeter 425-445-0071 Cushman & Wakefield
Dylan Roeter 425-445-0071 Cushman & Wakefield