PROPERTIES SOLD
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The Baroness Hotel
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Details:
Name: The Baroness Hotel
Address: 1005 Spring Street
City: Seattle
Units: 60
Offered Price: $7,000,000
Sold Price: $6,075,000
Neighborhood: Seattle-Urban
Investment Highlights:
-Excellent First Hill Location
-Classic Architecture with Updated Systems
-Kitchen and Bathroom in All Suites
-Below Market Rents
Description:
Owned and operated by the same family for the past 36 years, the Baroness offers 59 tastefully furnished suites plus 1 commercial space. There are 29 one-bedroom and 30 studios all equipped with kitchens and bathrooms. The units offer views of Downtown Seattle and the surrounding mountains. The Baroness was converted from a traditional apartment building into a hotel in 1966 and caters primarily to people who are visiting Seattle for medical treatment. An elegant lobby and reception area welcomes residents to the 1930s classic brick luxury building. The main floor includes a 2,200 square foot office space added in 1968 to accommodate the need for medical space in the immediate area.

The Baroness is a six story building constructed with reinforced concrete rests on a 7,200 sq ft lot zoned high-rise. The building is serviced by an updated elevator and also offers updated plumbing, heating and electrical systems. A central broiler heating system provides the primary heat and all corner units have auxiliary electric baseboard heating. The building also has a commercial laundry facility.
Listing Agent
Ian Brown
Phone:
206-505-9414
Fax:
206-505-9439
Email:
ian@
westlakeassociates.com