Offering Summary

Address 1010 E Republican St, Seattle WA 98102
Price Unpriced
existing status Partially Completed
Total Planned Units 36
Net Rentable Sq.Ft. 9,827 + Storage Lockers
Parcel Numbers 685270-0477 and 685270-0478
Zoning LR3 (M)

1010 E Republican St

Paragon Real Estate Advisors is pleased to exclusively offer for sale 1010 E Republican St. This development site presents the rare and unique opportunity to complete a partially finished 36 unit SEDU project. The site is situated in Capitol Hill, one of Seattle’s most sought after neighborhoods. The building is currently planned to have 9,827 square feet of rentable space containing 36 units along with 18 storage lockers, and a bike room. 1010 E Republican St offers a developer the ability to complete the project within a 6-month time horizon.

Investment Highlights:

  • Buy a partially completed project out of receivership
  • 6-month time horizon for completion
  • Limited carrying costs with current project underway
  • Rare opportunity to purchase a partially completed development
  • Property has been protected by 24/7 security
  • A+ location in a vibrant urban neighborhood
  • Views of downtown Seattle
  • 35 SEDU units and 1 - one bedroom / one bathroom unit
  • 18 storage lockers
  • Bike room
  • Rooftop deck with solar panels
  • High quality structure

Location

Capitol Hill is a popular, fast-paced residential neighborhood situated just east of the city’s downtown central business district. During the day, markets, boutiques, and salons are a big draw. Nightlife is hopping with clubs, bars, and music venues, and you’ll often find coffee shops that moonlight as cocktail lounges. 

This desirable location contains some of Seattle’s wealthiest neighborhoods, including “Millionaire’s Row” along 14th Avenue E, a charming collection of single family residences on tree-lined streets, and the Harvard-Belmont Landmark District. It also has many distinguished apartment houses, including several designed by the distinguished builder Fred Anhalt. 

The neighborhood figures prominently in nightlife and entertainment, with many bars hosting live music and with numerous avant-garde theaters. Most of the Hill’s major thoroughfares are dotted with coffeehouses, taverns and bars, and residences cover the gamut from modest motel-like studio apartment buildings to some of the city’s most historic mansions, with the two types sometimes shoulder-to-shoulder.

  • The site lies 3 blocks away from the Light Rail station.
  • The neighborhood is home to some of the best food and drink spots in all of Seattle
  • Located just East of I-5
  • Just over a mile from the Seattle Central Business District
  • Located in one of the strongest and stable rental markets in the city
  • 50-yard line location

Offer Details

The 1010 E Republican St offering is being conducted by Paragon Real Estate Advisors. Questions and inquiries should be addressed to Brian Platt and Michael Urquhart.

Initial tour dates are listed below. Please contact Michael or Brian to confirm scheduling prior to tour date

Monday July 22nd  -  1:00 PM to 3:00 PM
Wednesday July 24th  -  1:00 PM to 3:00 PM
Friday July 26th  -  10:00 AM to 12:00 PM

Offers should detail the following:

  • Estimated cost to complete the project
  • Proof of funds
  • Financing plans
  • Closing date
  • Earnest money