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Historic Coliseum Building in Downtown Seattle Scheduled for Auction
The Coliseum Theater in downtown Seattle, one of the city’s historic landmarks, is headed to auction.
The 36,904-square-foot retail building, which is listed on the National Register of Historic Places, is going up for auction next month, according to the Puget Sound Business Journal. Newmark has listed the property with a starting bid of $2 million, and Ten-X Commercial will be the auctioneer. The seller is a company based in Iowa that bought the property in 2007 for $13 million.
Located at 1508 5th Avenue, The Coliseum was originally built as a state-of-the-art cinema in 1916 and later became a Banana Republic store. The 16,200 square feet of leasable space is currently fully occupied by Actualize AiR, a gallery and event space, and an espresso coffee shop. The Coliseum is situated in the heart of downtown, close to Nordstrom’s flagship store, Pike Place Market, the Washington State Convention Center and Amazon’s world headquarters.
