Office Space - For Sale
111 South Lander Street Seattle, WA 98134
Details & Description
Call for Pricing
  • Property Type Office for Sale : Professional
  • Lot Size Acres 0.207
  • Building Sq Ft 23,380
  • Land Sq Ft 9,000
Lee & Associates is pleased to present the First South Building, a three-story mixed-use building located on First Avenue South across from Starbucks and adjacent to the new Lander Street overpass. Built in 1905, this asset was constructed using substantial old growth wood beams and thick tongue and groove flooring. Today, with significantly below-market rents and 6,000 square foot floor plates, 111 South Lander presents a rare opportunity for an investor or owner/user seeking a hands-on adaptive reuse, open concept office, or craft-makers space. A proactive buyer has the opportunity to rehab the retail presence on both First Avenue South and next to the soon-to-be-completed Lander Street overpass, transform the second and third floor spaces into modern boutique offices or craft ‘makers’ spaces, and realize additional value from the basement storage units (which are currently being used by the seller and provide no income). These modifications offer the chance to secure strong upside cash flow for an investor, create an impressive headquarters for an owner/user, or act as a hybrid (owner occupant building with income) for an owner-occupant. A BOMA remeasurement to add footage coupled with bringing tenants to market or re-tenanting as needed brings significant upside and, should a buyer choose to opt into them, opportunity zone tax advantages with long-term site upside for a future redevelopment play.
Listing Agents
Sean Durkin

O: 206-773-2682
M: 425-830-2647
sdurkin@lee-associates.com
John Brussa

O: 206-773-2675
M: 425-891-1424
jbrussa@lee-associates.com
Ryan Tarbert

O: 206-773-2689
M: 425-372-6696
rtarbert@lee-associates.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

111 South Lander Street

Seattle, WA 98134

First South Building

Listing ID: 274499
Call for Pricing
For Sale
  • Property Type Office for Sale : Professional
  • Lot Size Acres 0.207
  • Building Sq Ft 23,380
  • Land Sq Ft 9,000
  • 111 South Lander Street Seattle, WA 98134 | for Sale | Photo 1
  • 111 South Lander Street Seattle, WA 98134 | for Sale | Photo 2
  • 111 South Lander Street Seattle, WA 98134 | for Sale | Photo 3
111 South Lander Street | for Sale | Thumbnail 1
111 South Lander Street | for Sale | Thumbnail 2
111 South Lander Street | for Sale | Thumbnail 3
Description

Lee & Associates is pleased to present the First South Building, a three-story mixed-use building located on First Avenue South across from Starbucks and adjacent to the new Lander Street overpass. Built in 1905, this asset was constructed using substantial old growth wood beams and thick tongue and groove flooring. Today, with significantly below-market rents and 6,000 square foot floor plates, 111 South Lander presents a rare opportunity for an investor or owner/user seeking a hands-on adaptive reuse, open concept office, or craft-makers space. A proactive buyer has the opportunity to rehab the retail presence on both First Avenue South and next to the soon-to-be-completed Lander Street overpass, transform the second and third floor spaces into modern boutique offices or craft ‘makers’ spaces, and realize additional value from the basement storage units (which are currently being used by the seller and provide no income). These modifications offer the chance to secure strong upside cash flow for an investor, create an impressive headquarters for an owner/user, or act as a hybrid (owner occupant building with income) for an owner-occupant. A BOMA remeasurement to add footage coupled with bringing tenants to market or re-tenanting as needed brings significant upside and, should a buyer choose to opt into them, opportunity zone tax advantages with long-term site upside for a future redevelopment play.

Attachments & Files
Points of Interest & Demographic Radii
Points of Interest
Demographic Radii
POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
 
Seattle History of Office Space for Sale

Seattle Area Market Trends

Listing Demographics for 111 South Lander Street Seattle, WA 98134

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population5,215209,167483,824
Population Median Age393939
Population by Age0-9 Yrs358 (6%)15496 (7%)42674 (8%)
10-19 Yrs301 (5%)12844 (6%)36075 (7%)
20-29 Yrs944 (18%)46683 (22%)92836 (19%)
30-39 Yrs1359 (26%)45118 (21%)92203 (19%)
40-49 Yrs710 (13%)28024 (13%)67583 (13%)
50-59 Yrs709 (13%)24029 (11%)58247 (12%)
60-69 Yrs469 (8%)18973 (9%)49772 (10%)
70+ Yrs365 (6%)18001 (8%)44434 (9%)
Median HH Income$98,008$88,263$97,741
Total Household Income< 24K187 (8%)17853 (16%)30864 (13%)
25-49K290 (12%)16107 (15%)32372 (14%)
50-74K370 (16%)13750 (12%)30438 (13%)
75-99K319 (13%)11000 (10%)24111 (10%)
100-199K704 (30%)30534 (28%)68086 (29%)
200K+412 (18%)17848 (16%)45346 (19%)
Highest Education LevelNo Diploma4571154822620
Diploma or GED5661746338448
Some College7562520054305
Assoc. Degree292992021918
Bachelors Degree146658430135153
Higher Degree80542616102539
Total Housing Units2,399116,806249,571
--Owner-Occupied93739,109104,083
--Renter-Occupied1,34567,985127,133
Owner-Occupied Values< 100K1398861
100-199K104431445
200-299K6819575321
300-399K135508711471
400-499K167539712248
500K+5572582772737
Total Working Age Population4,627186,387419,027
In Work Force3,717138,167306,306
Not In Work Force91048,219112,721
Workforce Employed3,437131,611292,906
Workforce Unemployed2126,18212,505
Civlian Workforce3,648137,793305,412
Military Workforce69375894
Total Households2,283107,093231,217
Family Households98740,143103,462
Non-Family Households1,29666,951127,755
Married Couple71131,45682,133
Other Family2768,68721,329
Married w/Child2119,67728,362
Single Male w/Child201,1683,118
Single Female w/Child952,7116,599

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Washington5,894,121+146,724,540+147,638,415+118,503,178
King County1,737,034+111,931,249+162,231,408+112,474,625
Kitsap County231,969+8251,133+10275,910+10303,528

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

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Closest Commercial Airports
Airport Distance (mi)
Boeing Field King County International Airport (BFI) 4
Seattle Tacoma International Airport (SEA) 9
Portland International Airport (PDX) 138
Listing Agent
Listing Co-Agent
Sean Durkin - CRE Agent at

John Brussa

Listing Co-Agent
Sean Durkin - CRE Agent at

Ryan Tarbert

More listings from Sean Durkin
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