240 2nd Ave S, Seattle, WA 98104
Office · Seattle · Seattle-Bellevue metro, WA
One of 957 reachable office buildings in Seattle. Larger than 68% of office buildings in Seattle (median 20,410 SF), derived from assessor records.
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- Building size
- 54,805 SF, King County Assessor
- Lot size
- 9,600 SF, King County Assessor
- Year built
- 1900, King County Assessor
- Stories
- 5, King County Assessor
- Predominant use
- Office, King County Assessor
- Assessed value
- $6,450,300, per the King County Assessor (not a market appraisal)
- Assessed value per building SF
- $117.70/SF, derived from assessor records
- Lot coverage
- 571%, derived from assessor records
- Vintage
- pre-war vintage
- Zoning
- PSM 100/100-120, King County
- County use code
- Office Building
- 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.
- 221 S Washington St, Seattle · 0 mi · 13,491 SF · built 1900 · assessed $131.52/SF
- 312 2nd Ave S, Seattle · 0 mi · 25,954 SF · built 1900 · assessed $283.55/SF
- 307 3rd Ave S, Seattle · 0 mi · 41,920 SF · built 1906 · assessed $116.89/SF
- 220 3rd Ave S, Seattle · 0.1 mi · 33,640 SF · built 1905 · assessed $188.96/SF
- 219 S Washington St, Seattle · 0.1 mi · 4,350 SF · built 1900 · assessed $241.79/SF
- 206 3rd Ave S, Seattle · 0.1 mi · 18,300 SF · built 1904
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Sale history and market context
MakeMe Estimate: $6,623,257 (estimated market value), with a likely range of $5,985,783 to $8,629,791 (half of recent verified sales in this segment landed inside that range). Based on 12 verified arm's-length comparable sales (through 2026-05-29). Not an appraisal. How this estimate works.
Last sold: 2018-07-23 for $20,495,000 (recorded arm's-length sale).
Current ownership dates to 2021 (about 5 years) per recorded transfers.
- 2021-07-29: $17,321,000 from Are-Seattle No 34 Holding LLC to Rfa Masin Block LLC (part of a 4-parcel sale; price is the whole deal), rec. 20210802000649
- 2019-12-16: transfer from Uv 316 Alaskan LLC to Jack-Qozb LLC (part of a 2-parcel sale; price is the whole deal), rec. 20191217000535
- 2018-07-23: $20,495,000 from 240 Second LLC to Are-Seattle No 34 LLC, rec. 20180724000774
- 2015-12-22: transfer from Pacific Commercial Development Owner LLC to 240 Second LLC (non-market transfer), rec. 20151222001483
- 2015-06-18: $108,820 from Pacific Commercial Development Owner LLC to 316 Alaskan Way LLC, rec. 20150622002021
Source: King County recorded sales extract; buyer and seller shown only when a company or organization. Individual names are withheld.
Land, site, and value history
Assessed value moved from $8,339,400 (2011) to $6,450,300 (2026), down 23% over 15 years, per county tax rolls. The 2026 roll splits $6,450,300 into $4,320,000 land and $2,130,300 improvements.
- Zoning: PSM 100/100-120 (per King County)
- Lot: 9,600 sq ft
- Water: Water District (per King County)
- Sewer: Public (per King County)
- Access: Public
- Street surface: Paved
- Floor and use mix: Office Building 32,136 SF; Retail Store 9,767 SF; Basement, Retail 9,767 SF (county building sections)
- County districts report (schools, fire, sewer, council; on kingcounty.gov)