ORION Commercial Partners is excited to offer for sale the 12th & Main Street Plaza located at the upper edge of the International District, also known as “little Saigon”, in Seattle, WA. The 12th & Main Street Plaza is primed for redevelopment with favorable zoning DMRC (Downtown Mixed Residential/Commercial) with height limits ranging from 65-85 feet.
This part of the International District has not seen significant redevelopment yet with many properties in the area being well beyond their economic useful life. Recently, the International District has begun to gentrify with several projects planned in the area.
The 12th & Main Street Plaza is virtually 100% leased to a variety of small businesses on short term leases. This allows the investor plenty of flexibility to maintain and/or improve upon the existing structures to increase cash flow as an alternative to redevelopment. Current financial information can be made available upon request.
The 12th & Main Street Plaza is priced at $3,500,000.
This investment opportunity provides strong traffic counts and demographics, close proximity to downtown Seattle, the major hospitals, Seattle University and SODO. With the streetcar 1/2 block away, the site has a walking score of 92 and a Transit Score of 100.
Current Financials Available Upon Request.
1221 S Main St, Seattle WA 98144