2000 2nd Ave, Seattle, WA 98121

Commercial · Seattle · Seattle-Bellevue metro, WA

Imagery suggests: unspecified commercial structure. AI estimate from public imagery. In recent public imagery (2026-06), the building shows signs of deferred maintenance. AI estimate from public imagery; may be outdated.

One of 1,256 reachable commercial buildings in Seattle. Larger than 78% of commercial buildings in Seattle (median 13,352 SF), derived from assessor records.

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Building size: 60,087 SF, King County Assessor
Lot size: 6,480 SF, King County Assessor
Year built: 1910, King County Assessor
Stories: 9, King County Assessor
Predominant use: Palladian Hotel, King County Assessor
Units: 69, King County Assessor
Assessed value: $33,495,800, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $557.46/SF, derived from assessor records
Lot coverage: 927%, derived from assessor records
Vintage: pre-war vintage
Zoning: DMC 240/290-440, King County
County use code: Hotel/Motel
Construction (observed): masonry, AI estimate from public imagery
Parking (observed): none visible, AI estimate from public imagery

Nearby comparable buildings

Same building type, by distance. Assessor facts only; not an opinion of value.

1921 3rd Ave, Seattle · 0.1 mi · 40,109 SF · built 1910 · assessed $238.02/SF
1920 1st Ave, Seattle · 0.1 mi · 40,706 SF · built 1909 · assessed $232.86/SF
110 Stewart St, Seattle · 0.1 mi · 253,664 SF · built 2015 · assessed $339.91/SF
401 Lenora St, Seattle · 0.1 mi · 181,890 SF · built 1980 · assessed $251.11/SF
1901 1st Ave, Seattle · 0.1 mi · 49,848 SF · built 1914 · assessed $265.74/SF
86 Pine St, Seattle · 0.2 mi · 62,194 SF · built 1985 · assessed $586.34/SF

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Sale history and market context

MakeMe Estimate: $29,043,335 (estimated market value), with a likely range of $24,611,262 to $35,139,668 (half of recent verified sales in this segment landed inside that range). Based on 34 verified arm's-length comparable sales (through 2026-05-29). Not an appraisal. How this estimate works.

Last sold: 2024-11-08 for $35,750,000 (recorded arm's-length sale).

Current ownership dates to 2024 (about 2 years) per recorded transfers.

2024-11-08: $35,750,000 from Palladian Hotel LLC to TGH Palladian LP, rec. 20241113000891

2 administrative transfers (no consideration), 2019 to 2019

2018-08-23: $5,608,350 from Cohanim Palladian Apartments LLC to Ederer Properties II LLC, rec. 20180823000776

2018-08-23: $3,929,660 from Cohanim Palladian Apartments LLC to Madden Trust LLC (non-market transfer), rec. 20180823000775

2018-08-23: transfer from Cohanim Palladian Apartments LLC to Palladian Hotel LLC (non-market transfer), rec. 20180823000777

Source: King County recorded sales extract; buyer and seller shown only when a company or organization. Individual names are withheld.

Value over time

Solid line: county appraised value per King County tax rolls. Shaded range: our modeled estimate for each year, built from recorded arm's-length sales in the building's segment; years without enough sales stay unmodeled. Dots: recorded arm's-length sales. Not an appraisal. How this estimate works.

Land, site, and value history

Assessed value moved from $7,239,000 (2011) to $33,495,800 (2026), up 363% over 15 years, per county tax rolls. The 2026 roll splits $33,495,800 into $7,776,000 land and $25,719,800 improvements.

Zoning: DMC 240/290-440 (per King County)

Lot: 6,480 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Hotel, Full Service Upper Upscale 47,440 SF; Basement, Finished 6,067 SF; Restaurant, Table Service 5,980 SF; Open Office 600 SF (county building sections)

County districts report (schools, fire, sewer, council; on kingcounty.gov)

Permit history

2024-08-15: Electrical, declared value $750 (Screened), permit 7041151-EL

2020-10-20: Remodel, declared value $2,000 (Complete), permit 6791266-CN

2020-02-14: Remodel, declared value $80,000 (Complete), permit 6771776-CN

2014-01-17: Remodel, declared value $25,500,000 (Complete), permit 6356129

2013-10-10: Remodel, declared value $500,000 (Complete), permit 6371699

Source: King County permit records (newest first).