A recently remodeled 25,920-square-foot mixed-use building at 425 Westlake Avenue North in Seattle has hit the market for $14.8 million, or approximately $571 per square foot. The property sits on a 0.30-acre parcel and is being marketed as a prime investment opportunity in the heart of Downtown Seattle. Marcus & Millichap is overseeing the listing on behalf of the seller. King County public property records show the current owner is a Seattle-based entity.
The building is currently fully leased to a mix of tenants, including Tesla, RE:Public (a restaurant and bar) and Product Creation Studio. Despite full occupancy, the broker notes that all tenants are operating under short-term leases, creating an immediate value-add opportunity for new ownership via lease extensions or potential repur