Map of Property

Carlton Apartments

For Sale

603 Pontius Ave N, Seattle, WA 98109

This Seattle property for sale is located at 603 Pontius Ave N. Contact the listing broker for details on the current sale price for Carlton Apartments.

Contacts

broker
Jacob Odegard

Cushman & Wakefield

broker
Daniel Chhan

Cushman & Wakefield

broker
Timothy McKay

Cushman & Wakefield

broker
Matthew Kemper

Cushman & Wakefield

Property Details

  • Property Type Industrial
  • Property Size 23,837 SF
  • Year Built 1926
  • Date Updated May 8, 2025
Cushman & Wakefield Capital Markets (“C&W”) is pleased to present an exclusive opportunity to acquire the Carlton Apartments—a 30-unit vintage apartment community in the heart of South Lake Union—alongside a fully leased, NNN office building occupied by Ocean Park Mechanical. This rare combination offers immediate cash flow and investment stability, while also unlocking the potential for future development of more than 100 apartment units. The site is located in a quiet part of South Lake Union and offers sweeping views of Lake Union, the Seattle skyline, and the Olympic Mountains. This is a stable, value-add apartment investment with strong in-place cash flow, immediate upside potential, and long-term redevelopment opportunities—all within a beloved, historic building. Adjacent to the Carlton is a 4,526 SF office building leased to Ocean Park Mechanical, an Irvine-based mechanical engineering firm with six offices along the West Coast. The lease runs for the next five years, providing dependable income during your planning or holding period. The 13,920 SF site is zoned SM-SLU 100/95 and can support development of over 100 units across 9 stories, many of which would benefit from stunning north and west-facing views. This is an exceptional opportunity to acquire an asset with strong current returns, substantial upside, and long-term development potential.
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Getting around

  • 94/100

    Walk Score ®

  • 84/100

    Transit Score ®

  • 85/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Seattle, WA
  • Neighborhood South Lake Union
  • Zip Code 98109
  • Market Seattle

Points of Interest

  • Fairview & Campus Drive

    0.23 miles

  • Terry & Mercer

    0.24 miles

  • Westlake & Mercer

    0.30 miles

  • Terry & Thomas

    0.32 miles

  • Westlake & Thomas

    0.37 miles

  • Westlake & 9th-Denny

    0.54 miles

  • Broadway East & East John Street

    0.63 miles

  • Capitol Hill

    0.66 miles

  • East Denny Way & Broadway

    0.66 miles

  • East Denny Way & Nagle Place

    0.68 miles

  • EVgo

    0.29 miles

  • Greenlots

    0.52 miles

  • Blink

    0.53 miles

  • 76

    0.55 miles

  • Shell

    0.66 miles

  • Electrify America

    1.09 miles

  • 7-Eleven

    1.13 miles

  • ChargePoint

    1.18 miles

  • Volta

    1.19 miles

  • Hertz

    0.45 miles

  • Avis

    0.79 miles

  • Budget

    0.79 miles

  • Zipcar

    0.85 miles

  • Enterprise

    0.97 miles

  • National

    0.98 miles

  • Zipcars

    1.07 miles

  • ZipCar

    1.09 miles

  • Tempus Detailing

    1.17 miles

  • Mutual Detail

    1.22 miles

  • Teinei

    0.08 miles

  • Cork & Kale

    0.12 miles

  • Osteria Rigoletto

    0.14 miles

  • Meat & Bread

    0.14 miles

  • Vitality Bowls

    0.15 miles

  • Noodle Bar

    0.16 miles

  • Bar Harbor

    0.16 miles

  • Food Junction

    0.19 miles

  • Daniel's Broiler

    0.20 miles

  • Ba Bar Green

    0.23 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Carlton Apartments
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