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King County Department of Assessments

Setting values, serving the community, and promoting fairness and equity.

Department of Assessments

201 South Jackson Street,
Seattle, WA 98104

Office Hours:
Mon - Fri
8:30 a.m. to 4:30 p.m.

TEL: 206-296-7300
TTY relay: 711 or 800-833-4388

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PARCEL DATA
Parcel859140-0025
Name701 1ST AVENUE A LLC & 701
Site Address701 1ST AVE 98104
Geo Area 30-20
Spec Area
Property NameCPS PARKING GARAGE W/ BANK & OFFICE/RETAIL
JurisdictionSEATTLE
Levy Code0011
Property Type C
Plat Block / Building NumberM
Plat Lot / Unit Number1 THRU 6
Quarter-Section-Township-Range NE-6 -24-4
Legal Description
TERRYS 3RD ADD ALSO ALL OF BL 196 STL
PLat Block: M
Plat Lot: 1 THRU 6


LAND DATA
 
Highest & Best Use As If VacantCOMMERCIAL SERVICE
Highest & Best Use As ImprovedPRESENT USE
Present UseParking(Garage)
Land SqFt26,640
Acres0.61
Percentage Unusable 
UnbuildableNO
Restrictive Size ShapeNO
ZoningPSM 100/100-130
WaterWATER DISTRICT
Sewer/SepticPUBLIC
Road AccessPUBLIC
ParkingADEQUATE
Street SurfacePAVED
Views Waterfront
Rainier
Territorial
Olympics
Cascades
Seattle Skyline
Puget Sound
Lake Washington
Lake Sammamish
Lake/River/Creek
Other View
Waterfront Location
Waterfront Footage0
Lot Depth Factor0
Waterfront Bank
Tide/Shore
Waterfront Restricted Access
Waterfront Access RightsNO
Poor QualityNO
Proximity InfluenceNO
Designations Nuisances
Historic Site
Current Use(none)
Nbr Bldg Sites 
Adjacent to Golf FairwayNO
Adjacent to GreenbeltNO
Other DesignationNO
Deed RestrictionsNO
Development Rights PurchasedNO
EasementsNO
Native Growth Protection EasementNO
DNR LeaseNO
 
Topography
Traffic Noise
Airport Noise 
Power LinesNO
Other NuisancesNO
Problems
Water ProblemsNO
Transportation ConcurrencyNO
Other ProblemsNO
Environmental
EnvironmentalNO

BUILDING
Building Number1
Building DescriptionPARKING GARAGE WITH BANK & OFFICE/RETAIL
Number Of Buildings Aggregated1
Predominant UsePARKING STRUCTURE (345)
ShapeRect or Slight Irreg
Construction ClassREINFORCED CONCRETE
Building QualityAVERAGE/GOOD
Stories9
Building Gross Sq Ft254,407
Building Net Sq Ft250,407
Year Built1970
Eff. Year1980
Percentage Complete100
Heating SystemNO HEAT
SprinklersYes
ElevatorsYes
Click the camera to see more pictures.
Picture of Building 1
Current Picture
Section(s) Of Building Number: 1
Section NumberSection UseDescriptionStoriesHeightFloor NumberGross Sq FtNet Sq Ft
3 OFFICE BUILDING (344) 120 6,6086,608
2 PARKING STRUCTURE (345)TOTAL 509 PARKING STALLS OR SPACES910 216,030216,030
4 OPEN OFFICE (820) 120 4,0000
1 BASEMENT, PARKING (706) 115 25,47025,470
Section Feature(s) Of Section Number: 3
Feature TypeGross Sq FtNet Sq Ft
MEZZANINES-OFFICE (761)2,2992,299

 





TAX ROLL HISTORY

AccountValued YearTax YearOmit YearLevy CodeAppraised Land Value ($)Appraised Imps Value ($)Appraised Total Value ($)New Dollars ($)Taxable Land Value ($)Taxable Imps Value ($)Taxable Total Value ($)Tax Value Reason
85914000250120262027 001110,656,0006,357,80017,013,8006,357,80010,656,0006,357,80017,013,800
85914000250120252026 001111,500,000011,500,000011,500,000011,500,000
85914000250120242025 001111,988,00010,018,10022,006,100011,988,00010,018,10022,006,100
85914000250120232024 001111,988,00012,488,20024,476,200011,988,00012,488,20024,476,200
85914000250120222023 001111,455,20015,694,90027,150,100011,455,20015,694,90027,150,100
85914000250120212022 001111,455,20012,678,00024,133,200011,455,20012,678,00024,133,200
85914000250120202021 001111,455,20024,597,80036,053,000011,455,20024,597,80036,053,000
85914000250120192020 00119,324,00025,023,60034,347,60009,324,00025,023,60034,347,600
85914000250120182019 00118,524,80024,003,60032,528,40008,524,80024,003,60032,528,400
85914000250120172018 00117,059,60010,251,90017,311,50007,059,60010,251,90017,311,500
85914000250120162017 00125,994,0007,178,00013,172,00005,994,0007,178,00013,172,000
85914000250120152016 00125,328,0007,747,00013,075,00005,328,0007,747,00013,075,000
85914000250120142015 00125,061,6009,669,30014,730,90005,061,6009,669,30014,730,900
85914000250120132014 00104,262,4008,950,30013,212,70004,262,4008,950,30013,212,700
85914000250120122013 00104,262,4008,945,20013,207,60004,262,4008,945,20013,207,600
85914000250120112012 00104,262,4007,513,90011,776,30004,262,4007,513,90011,776,300
85914000250120102011 00104,262,4007,570,10011,832,50004,262,4007,570,10011,832,500
85914000250120092010 00104,262,4007,969,40012,231,80004,262,4007,969,40012,231,800
85914000250120082009 00104,262,4007,969,40012,231,80004,262,4007,969,40012,231,800
85914000250120072008 00104,262,4007,824,70012,087,10004,262,4007,824,70012,087,100
85914000250120062007 00102,930,4008,756,60011,687,00002,930,4008,756,60011,687,000
85914000250120052006 00102,397,6009,045,90011,443,50002,397,6009,045,90011,443,500
85914000250120042005 00102,397,6009,133,60011,531,20002,397,6009,133,60011,531,200
85914000250120032004 00102,397,6007,255,2009,652,80002,397,6007,255,2009,652,800
85914000250120022003 00102,397,6007,255,2009,652,80002,397,6007,255,2009,652,800
85914000250120012002 00103,196,8005,866,0009,062,80003,196,8005,866,0009,062,800
85914000250120002001 00103,196,8005,397,5008,594,30003,196,8005,397,5008,594,300
85914000250119992000 00103,196,8005,397,5008,594,30003,196,8005,397,5008,594,300
85914000250119981999 00101,998,0004,302,0006,300,00001,998,0004,302,0006,300,000
85914000250119971998 001000001,864,8004,435,2006,300,000
85914000250119961997 001000001,864,8004,435,2006,300,000
85914000250119951996 001000001,864,8004,435,2006,300,000

SALES HISTORY

Excise NumberRecording NumberDocument DateSale PriceSeller NameBuyer NameInstrumentSale Reason
3320006 20250307000388 2/25/2025 $1,170,535.001ST & COLUMBIA GARAGE LLC 701 1ST AVENUE A LLC +701 1ST AVENUE B LLC DEEDNone
1579375 199711211329 11/20/1997 $0.00MEYER BYRON R1ST & COLUMBIA GARAGE LLCStatutory Warranty DeedOther
1578931 199711201104 11/19/1997 $8,880,000.00U S BANK NATIONAL ASSOCIATIONMEYER BYRON RStatutory Warranty DeedNone

REVIEW HISTORY

Tax YearReview NumberReview TypeAppealed ValueHearing DateSettlement ValueDecisionStatus
20262506229Local Appeal$17,161,7003/24/2026$11,500,000REVISECompleted
20050400380Local Appeal$11,771,70012/13/2004$11,531,200REVISECompleted
19959403389Local Appeal$6,800,0002/7/1995$6,800,000SUSTAINCompleted
199547416State Appeal$6,800,0009/19/1995$6,300,000REVISE, ASSESSOR RECOMMENDEDCompleted
19878604338Local Appeal$7,641,0005/13/1987$5,500,000REVISECompleted

PERMIT HISTORY

Permit NumberPermit DescriptionTypeIssue DatePermit ValueIssuing JurisdictionReviewed Date
7143235-EL 441162 721 Parking Garage - replace 4' fluorescent light fixtures with LED with internal occupancy/daylight controls in parking garage.,  5/14/2026$0SEATTLE6/9/2026
6846843-CN Construct alterations for minor communications faciltiy at roof of existing parking garage, per plan., Remodel8/30/2023$70,000SEATTLE8/8/2024
6867265-CN Alterations to north ground floor tenant space, change use from bank to office and custom and craft work (architectural models, mock-ups, installations) and occupy, per plans., Remodel8/10/2022$0SEATTLE7/20/2023

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Notice mailing date: 07/23/2026